🔴 Brazil ETF (EWZ) is trading 6.5% down in after-hours trading amid liquidity-driven Brazilian equity weakness

EWZ is trading at $35.28 (-6.54%), with the after-hours decline appearing primarily liquidity-driven.

• Ibovespa fell about 0.51% during September 17 regular trading; Petrobras preferred, common and Vale shares fell 3.5%, 4.3% and 2.1%, respectively.
• Brazil’s central bank cut Selic 25 basis points to 13.75%; markets adjusted to the Federal Reserve’s September 16 rate hike.
• These pressures help explain weakness, but available reporting does not identify a late-breaking event proportionate to EWZ’s 6.54% after-hours move.