Tuesday, July 24, 2007

Brazil Stocks Drop on Concern U.S. Growth Will Slow: World's Biggest Mover

(Bloomberg) -- Brazilian stocks fell the most in
almost five months as investors shed riskier emerging market assets
on concern that rising home loan losses in the U.S. will slow
growth.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 2,242.20, or 3.9 percent, to 55,794.57, the most
since Feb. 27 and the biggest move among markets included in global
benchmarks. Mexico's Bolsa fell 706.28, or 2.2 percent, to
31,462.15.


Read more at Bloomberg Stocks News

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