SAO PAULO: The Sao Paulo stock market shot up five percent at opening Thursday as leftist President Dilma Rousseff's government tottered in the face of a spiraling scandal.
"The market is celebrating the end of this government," said economic analyst Andre Leite of TAG Investimentos, predicting that Rousseff's controversial appointment of her predecessor, corruption suspect Luiz Inacio Lula da Silva, as her chief of staff was the beginning of the end for her administration.
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