Latin American markets dropped
Posted 11-05-2012 at 08:14 AM by marcitize12
Latin American markets dropped Monday, hurt by a sell-off on Wall Street as investors dumped equities on further credit-market worries and a weak monthly report about the U.S. housing market. Brazil's benchmark equity index, the Bovespa, fell 3.5% to 62,336.02, its lowest close since Oct. 25. Stocks rose 0.4% the previous week. Argentina's Merval fell 1.7% to 2,243.53 and Chile's IPSA lost 2% to 3,172.95. Mexican stocks were closed Monday for a national holiday.
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