MercoPress. South Atlantic News Agency

Latam markets suffer some of their worst losses since 2009

Desperate brokers at the floor of Brazil’s leading stock exchange in Sao Paulo

Latin America’s main stock exchanges suffered strong losses on Thursday much in line with plunging world markets and reflecting contagion of growing uncertainties that the fragile global recovery is again on the verge of a recession.

The region’s main market Brazil’s Sao Paulo and its Bovespa indicator was down 5.72% to 52.811 points. In Argentina the Merval plummeted even further 6.01%, to 3.109,86 points.

The stock market index of Lima, belonging to the region’s fastest growing economy Peru, lost 3.31%, while Colombia also was down 3.23%.

Mexico’s BMV indicator suffered its worst drop since September 2009, loosing 3.37%.
 

Finally the Santiago market lived its blackest day in over a year, having dropped 3.94%.