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Latin American Assets Slide as Brazilian Bovespa Falls 0.7%, Posts Steepest Monthly Decline Since February 2023

GateNews

2026-05-29 21:43:33

On May 29, Latin American assets slid, with the Brazilian benchmark Bovespa falling 0.7% and registering its steepest monthly decline since February 2023. Investors focused on potential U.S.-Iran peace negotiations while navigating currency weakness. The broader MSCI Latin America currency index held nearly flat.

Brazilian real exchange rates remained essentially unchanged on the day, though the currency recorded its worst monthly performance of the year. The broader regional equity index is poised for its steepest single-month decline since late 2024.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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