(Bloomberg) -- Brazilian stocks fell the most in five
months, led by commodity producers and banks, after the central
bank signaled it may slow the pace of interest rate cuts, curbing
economic growth.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 2,263.76, or 4 percent, to 53,737.54 at 1:02 p.m. New
York time, the steepest drop since Feb. 27. The slide was part of a
global equities rout spurred by credit quality concerns in the U.S.
The Morgan Stanley Capital International index of Latin American
shares fell 4.1 percent.
Read more at Bloomberg Stocks News
months, led by commodity producers and banks, after the central
bank signaled it may slow the pace of interest rate cuts, curbing
economic growth.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 2,263.76, or 4 percent, to 53,737.54 at 1:02 p.m. New
York time, the steepest drop since Feb. 27. The slide was part of a
global equities rout spurred by credit quality concerns in the U.S.
The Morgan Stanley Capital International index of Latin American
shares fell 4.1 percent.
Read more at Bloomberg Stocks News
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