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Thursday, November 4, 2010

The Lima Stock Exchange also suffered sharp drop for fear of financial crisis

The stock market fell more than 3%, while the dollar maintained its upward trend and closed at S /. 2848, in a volatile session.

As well as major world markets, the stock market in Lima fell by more than 3%, its lowest level in nearly 12 months due to fears that the management of the debt crisis in Europe impact the global economic recovery. The general index closed 3.05% and the selectivity, which groups the 15 leading shares on the market, lost 2.92%.

Meanwhile, the dollar rose slightly on Thursday, a day marked by volatility and turbulence in foreign markets by the fiscal crisis in Europe. The exchange rate closed higher for a second day and reached S /. 2,848 sales, compared to the previous close S/.2.846.

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