Tuesday, June 13, 2006

Latin American stocks continue to tumble

The value of Latin American stocks and currencies have sharply declined due to anxiety over slower global economic growth. Yesterday, Mexico’s main stock index suffered its worse drop in nearly four years, while Colombia’s stock market suspended operations after their stock index plummeted by almost eleven percent in one day. The problem is not endemic to Latin America; however, as stocks from emerging markets around the world have nose dived.

Update (5.40pm): Latin American markets slumped again today, with Colombia's market index losing nearly 9% and almost shutting down.
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