Bovespa Plunges, Seen Hitting New Lows

Oct 23, 2008

Brazil’s Bovespa closed at a startling 35,069 points Wednesday, down 10.18% at its lowest point since September 2006. The close was only slightly above the low of the day at 35,027, adding negative technical pressure. The Dow Jones meanwhile fell 5.7% amid mounting fears of global recession. The...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management