(Bloomberg) -- Mexico's Bolsa index fell for the second day and had the biggest two-day loss in eight weeks, led by shares of mobile-phone company America Movil SAB, on concerns shares are too expensive relative to profit as the economy slows.
The index of the most-traded stocks in Mexico City today fell 281.67, or 1 percent, to 29,494.90, at 2:05 p.m. in New York. The Bolsa had set a record May 4 with its first close above 30,000. Brazil's Bovespa index today fell 410.38, or 0.8 percent, to 49,871.
Read more at Bloomberg Emerging Markets News
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