Brazil’s stock index posted the world’s biggest gain as iron-ore miner Vale SA rose to a seven-week high amid speculation demand from China will rebound.
The Ibovespa climbed 2.8 percent to 42,691.73 at 11:17 a.m. in Sao Paulo, the highest level on a closing basis since Dec. 30 as all but one of the gauge’s 61 stocks advanced. Vale’s common stock posted the biggest increase, at 7.8 percent. Petrobras rose 6.3 percent.
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