Why Azul Stock Is Up Today
On Wednesday, stocks in Brazil and other emerging markets got a jolt as fears about the potential fallout from China Evergrande Group's debt crisis eased. Azul (NYSE: AZUL), one of Brazil's top airlines, went along for the ride and was up 8% at mid-day.
On the surface, you wouldn't think issues with China Evergrande, a Chinese real estate company, would ripple through to South America. But with more than $300 billion in debt, investors fear issues at Evergrande will tumble into emerging markets, putting stocks in Brazil and elsewhere under pressure in recent days.
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Source Fool.com
