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World

Brazil stocks sink 2 pct as Europe worries mount

Published Updated

 SAO PAULO: Brazil's benchmark Bovespa stock index sank on Friday afternoon after ratings agency Fitch downgraded Spain's credit rating, unsettling investors already worried ahead of a European summit on Sunday that is aimed at shoring up the region's financial sector.

The Bovespa slumped 2.13 percent to 51,174.38.

Copyright Reuters, 2011

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