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The once surging Bovespa stock index is at a 14-month low...down 13.5% for 2011...with foreign investment also down by 70%...in the past 6 months...as soaring inflation and other factors have lured investors...from stocks to bonds.
Petrobras has led the decline...down by 14%...along with financials...and mining giant Vale.
Many IPOs have also been shelved.
