BUSINESS
11/22/2008 05:12 am ET | Updated May 25, 2011

Brazilian Stock Market Halts Trading As Bovespa Index Plummets (PHOTOS)

SAO PAULO (AFP) - Trading on Brazil's stockmarket, the biggest in Latin America, was automatically suspended Wednesday when the main Bovespa index plunged more than 10 percent.

The stockmarket was suspended for 30 minutes at 1917 GMT, the fifth time in three weeks that the automatic suspension has gone into effect.

Operations were to resume at 1958 GMT from when a new limit of a 15 percent loss would be set for triggering an automatic suspension of the market, officials said.

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