EMERGING MARKETS-Latam stocks fall for 4th day on Europe jitters

* MSCI Latam index down in 7 out of past 8 sessions

* Airlines among largest decliners at Brazil’s Bovespa

* Brazil down 0.5 pct, Mexico falls 0.2 pct

NEW YORK, Nov 30 (BestGrowthStock) – Concerns about the European
debt crisis kept major Latin American stock indexes in the red
for the fourth consecutive session on Tuesday.

Investor sentiment was also hurt by disappointing economic
data abroad, including a steep fall in prices of U.S. homes.

“We believe sellers will dominate the market today due to
uncertainties in the euro zone and the release of
worse-than-expected economic indicators,” Brazilian investment
firm Brava said in a research note.

The MSCI stock index for Latin America (.MILA00000PUS: )
edged 0.1 percent lower in its fourth consecutive session of
losses. The index has posted losses in seven out of the past
eight sessions.

In Brazil, the benchmark Bovespa index (.BVSP: ) fell 0.5
percent, pressured by heavy-weight mining company Vale
(VALE5.SA: ), down 1.3 percent.

Shares of Brazil’s BM&FBovespa (BVMF3.SA: ) sank 2.8 percent
after the exchange operator said the Brazilian Treasury accused
it of owing about 400 million reais ($235 million) in taxes
that should have been paid during the merger of BM&F and
Bovespa in 2008 and 2009.

BM&FBovespa said it will appeal the Treasury decision.

Airlines also posted strong losses in Brazil, one day after
the country’s civil aviation regulator suspended sales of
domestic tickets by airline TAM (TAMM4.SA: ) for all flights
through Dec. 3 due to excessive cancellations and delays.

Shares of TAM fell slid 1.9 percent, while competing
airline Gol (GOLL4.SA: ) saw its stock fall 1.2 percent.

In Mexico, the IPC stock index (.MXX: ) declined 0.2 percent,
weighed down by losses of 1.2 percent in shares of the
beverages group FEMSA (FMSAUBD.MX: ).

In Chile, the blue-chip IPSA index (.IPSA: ) lost 0.4 percent
while the broader IGPA index (.IGPA: ) was 0.3 percent lower.

(Reporting by Rodolfo Barbosa in Sao Paulo and Walter
Brandimarte in New York; Editing by W Simon )

EMERGING MARKETS-Latam stocks fall for 4th day on Europe jitters