Cemex Posts Worst Quarterly Decline Ever on Global Slowdown
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Cemex SAB, the largest cement maker in the Americas, plunged a record 56 percent in the third quarter on concern a global economic slowdown will crimp demand for the company’s products.
Cemex slumped 6.3 percent today to 4.44 pesos in Mexico City, a 12-year low, as of 4:15 p.m. New York time. The quarterly decline was the stock’s worst performance since Bloomberg records dating back to 1992.