Brazil shrs end off 3.76 pct on Dow, S. Korea woes
Thursday December 18, 4:20 pm Eastern Time
SAO PAULO, Dec 18 (Reuters) - After rising for three seesions in a row, Brazilian shares ended sharply lower Thursday as Wall Street's heavy losses and worries over South Korea triggered the selling late in the day, traders said.
The Bovespa index (.BVSP) of the 51 most traded stocks closed off 3.76 percent, down 371 points, at 9,483 points.
Market turnover shrank to 617.5 million reais ($556 million).
''It was Wall Street combined with fresh concerns coming from South Korea,'' said a senior trader.
Analysts said Asia sent fresh jitters through international markets after South Korea's elections results showed the opposition leader Kim Dae Jung winning.
Shares opened slightly lower, with players taking profits after three days of rises, but market weakness intensified as Wall Street dived amid worries over South Korea.
Traders said the bolsa could continue cutting into gains Friday, particularly if Asian worries deepened.
-- POSSIBLE LOST DATA --
\000 Private miner Cia Vale do Rio Doce (CVRD) (VAL_p.SA)
preferred fell 3.9 percent to 19.70 reais.
After Thursday's weaker close, the key Bovespa index was up 34.7 percent on the year, compared with an over 90 percent gain seen before crashes in Asia sparked selloffs in stock exchanges worldwide, including Brazil. |
