Tuesday, September 30, 2008

Brazilian Stock Market Crashes Along with the United States

Yesterday was an epic day in Brazilian Stock Market history. Trading was halted for approximately half an hour following the news that the $700 billion bailout plan for American markets had not passed. Before this halt, markets crashed 10.6% and immediately after trading resumed, shares continued to fall, reaching as low as 13%. Mexico's markets went down 6.4% and Argentina's markets went down 8.7%.

This illustrates how definitely the Untied States and Latin America are intertwined. How will Latin America continue to be affected by the economic turmoil of the United States? Read the full article here.

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