(Bloomberg) -- Brazil's main stock index fell for a
second day, led by Petroleo Brasileiro SA, the state-controlled oil
company.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 791.69, or 1.5 percent, to 50,921.49 as of 9:40 a.m.
New York time. Emerging market shares fell around the world after
China tripled the tax on security transactions, sending the Chinese
benchmark down 6.8 percent, the most in three months and raising
concern that slower growth in the country will sap demand for
commodities.
Read more at Bloomberg Stocks News
second day, led by Petroleo Brasileiro SA, the state-controlled oil
company.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 791.69, or 1.5 percent, to 50,921.49 as of 9:40 a.m.
New York time. Emerging market shares fell around the world after
China tripled the tax on security transactions, sending the Chinese
benchmark down 6.8 percent, the most in three months and raising
concern that slower growth in the country will sap demand for
commodities.
Read more at Bloomberg Stocks News
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