Latin American stocks fell for a second day on Friday in reaction to Asia’s currency and stock market crash. There were fears that the Asian crisis could influence investors in other emerging markets.
Argentina and Mexico experienced the highest falls, with their indexes down by 4% by the close of trading on Friday Brazil’s Bovespa index, which on the same day suffered by far the steepest plunge in the Americas, was down 2.9%. “ What’s happening in Hong Kong has been a terrible shock to the system, ” said Richard Watt, who manages 3.5 billion dollars in emerging market investments for BEA Associates in New York. Investors in Brazil were concerned that its economic problems were dangerously similiar to those that have caused the currency and market plunges in Thailand, Malaysia and other Asian markets. “ Brazil’s economy is far from sound said lan Campbell, chief economist at ABN Amro Bank NV Amsterdam.” Its current account and fiscal deficits are large and its currency is overvalued. “There’s no help in trying knife, ” said Jane Heap, Latin American stock strategist at Deutsche Morgan Grenfell. “There’s no room for renewal in Brazil until the US and Asia get back to normal.”
There were also concerns that foreign investors who specialize in emerging markets could be forced to sell their shares in Latin America to cover losses.
还有剩下一点点字数超了不能发……求大神!
“ There’s a lot of nervousness about whether investors will put their money out of stocks, because of instability in Asia. ” said German Guerrero, chief trader at the Chilean brokerage Celfin SA.Chilean markets were down only slightly in afternoon trading. The Chile selective stock index fell0.72% and the Chile general stock index was down 0.64%.
急求!!!
这是有道还是百度翻译吗?
有没有准确的!
能帮忙翻一点吗。。