(Bloomberg) -- Latin stocks fell for the first time in two weeks on concern that higher interest rates and a slower economy in the U.S. will reduce the allure of emerging market equities, which rely on exports to the world's largest economy.
The Morgan Stanley Capital International index of Latin American shares fell 0.7 percent to 3,267.75 after trading at a record for the past week. Brazil's state-controlled oil company, Petroleo Brasileiro SA, led the decline.
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