Brazilian shares traded sharply lower Monday after the acting speaker of the country's lower house annulled President Dilma Rousseff's impeachment process and called for a new vote in the chamber.
The iShares MSCI Brazil Capped ETF (EWZ) fell 1.7 percent on Monday. U.S.-listed shares of Petrobras, Brazil's state-run oil company, dropped about 7 percent, while Vale SA, a Brazilian mining firm, saw its stock slide 9.6 percent.
Over the past 12 months, the EWZ has fallen more than 25 percent.
EWZ in past yearSource: FactSet