The Sao Paulo Stock Exchange (B3) announced that it has suspended trading in shares after activating the "circuit breaker" mechanism following a 10% drop in Ibovespa compared to the previous session. This is the first time the mechanism has been activated since the global COVID-19 pandemic of 2020. The shares start trading at 10:00. However, by 9:57 am, B3 had already sent an email to all its customers warning them of the suspension of trading activity. Trading will be suspended for 30 minutes. However, if the declines continue, trading may be suspended for a longer time, even indefinitely. The halt affects stocks, BDRs, ETFs, options linked to these assets and private fixed income securities. The circuit breaker is a safety mechanism designed to prevent excessive fluctuations in the market. If the ibovespa drops by 10%, trading will be suspended for 30 minutes. Once the market reopens, if the drop reaches 15%, the stop is extended to one hour. If the market drops by 20%, B3 may suspend trading for a period to be determined, in a notice to the market. source.