Skip to main content

Market Overview

Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To Tumble

Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To Tumble

  • On Tuesday, the Brazilian real hit an all-time low in relation to the U.S. dollar.
  • Crude oil also fell on Tuesday; macro concerns surrounding the Chinese economy linger.
  • In this context, Latin American ADRs are getting pummeled in the stock market.
  • The Brazilian real fell to a new all-time low on Tuesday, and one U.S. dollar is now worth roughly 4.05 reais. The Sao Paulo Stock Exchange also fell substantially to 45,906.22 Bovespa index points. In this context, Brazilian ADRs (stocks of Brazilian companies traded in U.S. exchanges) are declining considerably, dragging other Latin American ADRs with them.

    Related Link: Brazilian Real Hits Historic Low: What It Means And Where It's Headed

    Brazilian ADRs

    • Petroleo Brasileiro SA - Petrobras (ADR) (NYSE: PBR) is one of the biggest losers, down more than 5.5 percent on Tuesday trading. The Class A stock (NYSE: PBR.A) is doing even worse, down more than 6 percent.
    • Vale SA (ADR) (NYSE: VALE) is down more than 5.5 percent.
    • Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL) is down over 11 percent.
    • Banco Bradesco SA (ADR) (NYSE: BBD) is down about 1.4 percent.
    • Itau Unibanco Holding SA (ADR) (NYSE: ITUB) is down roughly 0.7 percent.
    • Ambev SA (ADR) (NYSE: ABEV) is down more than 1.5 percent.
    • Companhia Brasileira de Distribuicao-ADR (NYSE: CBD) is down over 5.5 percent.
    • Embraer SA (ADR) (NYSE: ERJ) is down 0.7 percent.
    • Gerdau SA (ADR) (NYSE: GGB) is down over 4 percent.

    Argentine ADRs

    • Ternium SA (ADR) (NYSE: TX) is down about 4.5 percent.
    • Petrobras Argentina SA ADR (NYSE: PZE) is down almost 5 percent.
    • Tenaris SA (ADR) (NYSE: TS) is down almost 1.5 percent.
    • YPF SA (ADR) (NYSE: YPF) is down about 3 percent.

    Mexican ADRs

    • America Movil SAB de CV (ADR) (NASDAQ: AMOV) is down about 0.75 percent.
    • Cemex SAB de CV (ADR) (NYSE: CX) is down more than 4 percent.
    • Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE: KOF) is down almost 2 percent.
    • Grupo Televisa SAB (ADR) (NYSE: TV) is down almost 2 percent.
    • Grupo Aeroportuario del Sureste (ADR) (NYSE: ASR) is down 1 percent.

    Other Latin American ADRs

    • Compania de Minas Buenaventura SAA (ADR) (NYSE: BVN) is down over 7 percent.
    • Vina Concha y Toro SA (ADR) (NYSE: VCO) is down almost 2.9 percent.
    • LATAM Airlines Group SA (ADR) (NYSE: LFL) is down almost 4 percent.
    • Sociedad Quimica y Minera de Chile (ADR) (NYSE: SQM) is down more than 2.7 percent.
    • Bancolombia SA (ADR) (NYSE: CIB) is down over 5.4 percent.
    • Ecopetrol SA (ADR) (NYSE: EC) is down around 3.4 percent.
    • Avianca Holdings SA (ADR) (NYSE: AVH) is down about 5.4 percent.

    Disclosure: Javier Hasse holds no stakes in any of the securities mentioned above.

    Image Credit: Public Domain


    Related Articles (PBR + PBR-A)

    View Comments and Join the Discussion!

    Posted-In: ADRs argentina bovespaEmerging Markets Commodities Forex Markets Movers Best of Benzinga

    Don't Miss Any Updates!
    News Directly in Your Inbox
    Subscribe to:
    Benzinga Premarket Activity
    Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
    Market in 5 Minutes
    Everything you need to know about the market - quick & easy.
    Fintech Focus
    A daily collection of all things fintech, interesting developments and market updates.
    Everything you need to know about the latest SPAC news.
    Thank You

    Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at