Brazil’s Bovespa Falls, Caps First Weekly Decline Since August

Brazil’s Bovespa fell, capping its first weekly decline since August, on concern higher interest rates in China and uncertainty in global currency markets may curb economic growth, offsetting a rally for steelmakers.

ALL America Latina Logistica SA, Latin America’s largest railroad company, slumped for a fourth day in Sao Paulo trading amid concern its valuation is too high given earnings growth potential. Usinas Siderurgicas de Minas Gerais SA, Gerdau SA and Cia. Siderurgica Nacional SA jumped, leading gains on the Bovespa index, after Valor Economico reported the government this month will set minimum prices for some types of steel imports.