SAO PAULO, Brazil (AP) -- Brazil's benchmark stock index was up nearly 2 percent in afternoon trading, reversing three straight days of losses for companies in Latin America's largest nation. But Brazil's currency dipped 2.9 percent against the U.S. dollar as investors fled emerging markets.
After seesawing between positive and negative territory, the Ibovespa index rose 1.8 percent to 46,721 on Thursday afternoon.
The real slipped below the psychologically important 1.9 reals-to-the-dollar level in intraday trading for the first time since June 2007.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.