The Latin American markets are mixed today with the Ibovespa
index weakening further while the Merval Buenos Aires index in
Argentina has turned positive, albeit narrowly. Mexico's IPC index
is gaining strength but Chilean stocks, as a group, are weakening,
in part, because of a hard stumble today by Sociedad Quimica y
Minera de Chile S.A.
Here's where the regional markets stand today:
- Ibovespa now down 180 points, was down 64.5 points.
- IPC (Mexico City) now up 250 points, was up 177.6 points.
- Santiago Index IPSA now down 38.1 points, was down 33.5
- Merval Buenos Aires now up 0.5 points, was down 1 point.
In company news, ADS of Sociedad Quimica y Minera de Chile S.A (
) are down 6% today after the Chilean mining and chemical company
reported Q3 earnings of $0.63 per share, up from a $0.54 profit in
the year-ago quarter but missing the analyst consensus estimate by
$0.10 a share. Revenues climbed 7% to $615.3 million, also trailing
the Street view by about $54.18 million.
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