Latam stocks plunge on slowdown worries

By
October 3, 2008 02:31

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Latin American stocks fell sharply Thursday on concerns that a global economic slowdown may be imminent despite the US Senate's passage of the US$700 billion bank rescue package. Sao Paulo's Ibovespa index led the losses, closing down 7.34 to 46,145. Argentina's Merval fell 5.27 percent to 1,520.92, and Mexico's IPC index dropped 4.3 percent to 24,027.35. Chile's IPSA was down 3.8 percent to 2,668, while Colombia's IGBC slipped 0.9 percent to 9,213.06. The losses were almost as deep as a market meltdown on Monday after the US House of Representatives failed to approve the bailout, and the trading marked a reversal from Wednesday, when stocks across Latin America made slight gains. Investors are skeptical about the bailout's ultimate effect on a faltering global economy. Latin America's commodity-heavy economies could be particularly hard hit if worldwide demand for the region's raw materials falls.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Cookie Settings