SAO PAULO, Brazil (AP) - Most Latin American stocks were up early Tuesday as bargain hunters moved into the market a day after stocks were dragged down by confirmation that the U.S. economy has been in a recession.
Brazil's Ibovespa stock index was up 0.8 percent to 35,029 in early trading, while Mexico rose 1 percent to 19,717, Colombia's edged up IGBC 0.1 percent to 7,184 and Argentina was up 1.9 percent to 942.
Chile was the exception, dipping 0.5 percent to 2,323.
Analysts said investors were expected to enter the market more aggressively, following cues from expected bargain hunting on Wall Street after Monday's huge losses.
In the first half-hour of trading Tuesday, the Dow Jones industrial average rose 38.47, or 0.5 percent, to 8,188. Standard & Poor's 500 index rose 6.16, or 0.8 percent to 822.37, while the Nasdaq composite index gained 8.30, or 0.6 percent, to 1,406. | |