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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: MGV who wrote (7207)	8/27/1998 4:55:00 PM
From: Jerry A. Laska	Respond to of 22640

Brazil shares down 10.13 pct shortly before close SAO PAULO, Aug 27 (Reuters) - Brazilian stocks went into a virtual freefall late Thursday as Russia's economic problems continued to haunt investors. The Bovespa index (^BVSP - news) was down 10.13 percent shortly before the close, falling to 6603 points at 1651 local/1951 GMT.The decline exceeded the 10 percent threshold that would trip a circuit breaker suspending trade earlier in a session. But no halt was called because there was less than a half-hour to go before the close. The market's top bluechip, Telebras preferred (TELB4.SA), was down 10.74 percent at 84.70 reais, while Eletrobras (ELET6.SA) tumbled 18.18 percent to 18 reais. biz.yahoo.com