Emerging Markets: Latam stocks dip

Posted by 7Star Sunday, January 24, 2010

Latin America stocks fell to their lowest in 11 weeks on Friday and most currencies in the region slumped as investors moved to safer investments following a sweeping move to limit risk-taking at US banks. US President Barack Obama's proposals on Thursday to limit risk-taking by banks drove investors to buy the yen, a traditional safe-haven, while global stock markets fell for the second straight session, dragging major Latin American markets with them.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog