Brazil's 316 exchange-traded companies lost 209.7 billion U.S. dollars in value between July 19 and Aug. 15, a Brazilian consultancy said Thursday.
The Bovespa, Brazil's main stock index, set a record of 58,124 on July 19 but had plunged to 49,285 by close of business Wednesday, Economatica said in a report.
World stock markets began falling on July 19 because of mortgage company bankruptcies in the United States, a situation that worsened last week when BNP Paribas, France's largest bank, froze three funds invested in the troubled U.S. mortgage market.
Mexico, Latin America's second largest stock market, also saw losses of 65.8 billion dollars, said the report.
During the same period, 1,204 large companies in the United States, including Exxon Mobil, General Electric, Microsoft, Citigroup and Chevron Texaco, lost a total of 1.65 trillion dollars in value, it added.
Source: Xinhua
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