Thursday, May 10, 2007

Argentine Stocks Slide, Led by Tenaris and Galicia; Brazil's Vale Declines

(Bloomberg) -- Argentine stocks fell the most in almost four weeks, led by banks and energy companies, as investors shed equities worldwide on concern that slower U.S. growth will curtail profits.

Argentina's Merval index fell 50.30, or 2.3 percent, to 2104.96 at 2:43 p.m. New York time, the steepest drop since March 13 and the second-biggest move among markets included in global benchmarks. Brazil's Bovespa index fell 786.02, or 1.5 percent, to 50,514.11.


Read more at Bloomberg Stocks News

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