Investors Sniff Equity Buys

Investors Sniff Equity Buys


LatAm stocks remain volatile and likely to overshoot further on the downside amid panicked and technical global equity trade, continued in Asia Thursday. But some investors say the region’s main indices, including the Bovespa, are nearing bottom and they are taking the opportunity to buy into stocks that look undervalued. “Today there were good buying opportunities,” says a New York-based hedge fund manager focused on LatAm, who asks not to be identified. He adds that he is buying Brazilian bank

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