Why Azul Stock Is Up Today

·2-min read
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.

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