MSCI Latin America index fell 1.6% as investor risk appetite weakened over fears of an escalating conflict in Iran and concerns about new US tariffs.
Brazilian equities dropped 1.8% following a US proposal for a 25% punitive tariff on many Brazilian imports; US Trade Representative Jamieson Greer cited unfair trade practices such as digital trade issues and illegal deforestation.
Brazilian President Luiz Inácio Lula da Silva expressed surprise and said Brazil could not accept the US treatment.
Mexican stocks slipped 0.1% and the peso weakened 0.2% against the dollar; Argentina’s Merval index fell 1% and its peso declined 0.3%.
Colombian equities fell 1.2%, marking the week’s first decline after earlier risk appetite was boosted by right‑wing candidate Abelardo de la Espriella’s strong first‑round performance in the presidential election.
