Wednesday, 30 May 2007

Brazil's Stocks Fall After Selloff in China, Led by Usiminas; Walmex Gains

(Bloomberg) -- Brazil's stock index fell for a second
day after a plunge in Chinese shares raised concern that slower
growth will curtail demand for Brazilian exports.

The Bovespa index of the most-traded stocks on the Sao Paulo
exchange fell 504.26, or 1 percent, to 51,208.92 at 11:16 a.m. New
York time. China yesterday tripled the tax on security transactions
sending the Chinese benchmark down 6.8 percent.


Read more at Bloomberg Stocks News

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