(Reuters) - The benchmark IPC stock index dropped 1.76 percent
to 30,744.71 points, while the peso weakened
0.20 percent in local trading to 10.8515 per dollar.
Global equities have come under pressure in recent days as
trouble in the U.S. subprime mortgage industry has spread to
two hedge funds managed by Bear Stearns with heavy
exposure in the sector. Subprime mortgages cater to borrowers
with troubled credit histories.
Read more at Reuters.com Bonds News
to 30,744.71 points, while the peso
0.20 percent in local trading to 10.8515 per dollar.
Global equities have come under pressure in recent days as
trouble in the U.S. subprime mortgage industry has spread to
two hedge funds managed by Bear Stearns with heavy
exposure in the sector. Subprime mortgages cater to borrowers
with troubled credit histories.
Read more at Reuters.com Bonds News
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