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Showing posts with label The Lima Stock Exchange also suffered sharp drop for fear of financial crisis. Show all posts
Showing posts with label The Lima Stock Exchange also suffered sharp drop for fear of financial crisis. Show all posts

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.