SPACE X is trading 3.6% down at BRL 38.45 as part of a broader pullback in risk assets.
- Renewed Middle East tensions and higher oil prices are pressuring growth and tech-related names.
- Investors are maintaining a cautious stance ahead of the upcoming Federal Reserve interest rate decision.
- The decline follows a 4% rally on July 28, when investors briefly rotated back into beaten-down technology stocks.