Brazil Bovespa Nearly Suspends Trading

By Brennan Stark, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Following the recent retreat of the United States’ AAA credit rating and amidst sharp fears of a recession, São Paulo based stock index Bovespa’s sank so low by Monday, August 8th, that investors across Brazil expected the impending trigger of Bovespa’s "circuit breaker." The circuit breaker is a practice which suspends all trading if the market falls ten percent or more, and with plunges as deep as 9.75 percent by mid-afternoon, the trigger certainly seemed imminent.

Closing the day down 8.1 percent, all 66 stocks . . .

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