South Korea Stocks Rise, Erasing Earlier Losses; Hynix Semiconductor Gains

(Bloomberg) -- South Korean stocks rose, snapping a
two-day fall that had wiped out $68 billion in market value.
Technology companies rose, led by Hynix Semiconductor Inc., after
Shinyoung Securities Co. lifted its price estimate on higher chip
prices.

Stocks also rose after a government report showed South
Korea's industrial production increased almost twice as much as
expected, reinforcing speculation economic growth will speed up.
Posco advanced.


Read more at Bloomberg Stocks News

Brazil's Real Declines From Seven-Year High as Risk Aversion Increases

(Bloomberg) -- Brazil's currency declined from a
seven-year high as an increase investor aversion to riskier
assets reduced the appeal of emerging market securities.

Stocks in the U.S. slumped and benchmark Treasuries gained
amid speculation rising subprime mortgage defaults will lead to
higher interest rates for private borrowers and curb economic
growth.


Read more at Bloomberg Currencies News