Why Brazilian Stocks Are Hopping as Much as 16% Today

Less than a week after Brazilian stocks plunged on COVID-19 fears, combined with a political crisis surrounding the Brazilian president, today some of these very same stocks are rebounding (all figures as of 2:30 p.m.):

Image source: Getty Images.

Why are Brazilian stocks rebounding? The answer will probably surprise you: Brazil appears to be getting ready to impeach its president.

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Source Fool.com