Colombia Stocks Fall 1.25% as Peso Slips | Colombia Market Report, Oct 22
Colombia's COLCAP stock index fell 1.25% to 2,528 on Thursday as Ecopetrol lost 1.64% and the peso weakened 0.52% to about 3,197 per US dollar. The post Colombia Stocks Fall 1.25% as Peso Slips | Colombia Market Report, Oct 22 appeared first on The Rio Times .
Colombia's main stock index, the COLCAP, dropped 1.25% to 2,528 points on Thursday. Ecopetrol, the largest member of the index, saw its shares fall 1.64% to COP2,700. The weakening peso, at COP3,196.79 per US dollar, contributed to the decline. The move came as US technology shares fell sharply and global risk aversion set in. The drop reversed the previous session's 1.07% gain. The drop was not triggered by a specific event, but reflected the broader risk-off mood in global markets.
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