SAO PAULO, Brazil (AP) -- Brazilian stocks opened higher after suffering their worst loss in nearly a decade amid growing concerns of a worldwide recession.
Sao Paulo's Ibovespa index was up 2.5 percent Tuesday morning to 47,006 after falling 9.4 percent a day earlier. Brazil's currency, the real, regained some ground against the U.S. dollar.
Major markets across Latin America plunged Monday after U.S. lawmakers rejected a US$700 billion bailout package meant to reboot the global economy.
Investors battered shares throughout the region as they dumped emerging market positions seen as extremely risky given the planet's uncertain financial future.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. 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 firstname.lastname@example.org.