Latin American Stocks Broadly Lower as Commodity Price Slide Amid Demand Concerns

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Latin American stocks are mostly lower today, matching declines throughout global markets as a string of downbeat U.S. economic reports weighed on commodity producers on the prospect of weaker demand.

Here's where the major regional indices stand this afternoon:

- Ibovespa down 786.86 (-1.38%) to 56,379.69

- IPC (Mexico City) down 25.12 (-0.06%) to 38,663.53

- Santiago Index IPSA down 23.37 (-0.53%) to 4,373.41

- Merval Buenos Aires down 47.44 (-2.02%) to 2,304.09

In company news, shares of wireless communications company NII Holdings ( NIHD ) are down about 5% and nearer to year lows today after analysts at Wells Fargo lowered their rating for the stock to Market Perform from Outperform.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: NIHD

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