Brazil stocks slump

Posted by 7Star Sunday, March 8, 2009

Brazils stocks slumped on Friday, led by losses in heavyweights Petrobras and Vale, as poor industrial data at home and grim job figures abroad dented appetite for risker assets such as the local currency. The Bovespa index rallied at the open but by late afternoon turned down along with Wall Street, where a bearish brokerage view on Apple Inc inspired a sell-off in technology shares.

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