Monday, October 6, 2008

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SAO PAULO, Oct 6 (Reuters) - Brazil's main stock index ended more than 5 percent lower on Monday, paring some losses after slumping as much as 15 percent earlier in the session on fears that a global financial crisis is spreading.

The Bovespa index .BVSP of the Sao Paulo Stock Exchange dropped to a preliminary close of 42,041.15 points, posting hefty losses across the board. Trading was halted twice during the session as shares plummeted.

The last time the exchange suspended trading twice in the same day was in January 1999, when a previous global financial crisis forced Brazil to allow its currency to float freely against the dollar. (Reporting by Todd Benson; Editing by Dan Grebler)




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