Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.429

-4.6%

3:59 PM EST

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To: Steve Fancy who wrote (654)	1/6/1998 5:06:00 PM
From: Steve Fancy	of 22640

Brazil shrs end off 3.98 pct on falling world mkts SAO PAULO, Jan 6 (Reuters) - Brazil stocks ended off 3.98 percent Tuesday as slides overseas, particularly on Wall Street, prompted a correction in prices after consecutive sharp rises at the end of the year, brokers said. <snip> Traders hope the bolsa will regain terrain Wednesday, but they noted another session of heavy selling worldwide could dash their expectations of an immediate recovery. Despite Tuesday's negative behavior, traders' perception that the bolsa will benefit from fresh moderate investment sometime this month has not changed. Global investors traditionally build new positions in the beginning of the year. <snip> biz.yahoo.com

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