Oct. 29 (Bloomberg) -- Argentina's planned nationalization of its retirement system will trigger a fire sale of Brazilian stocks this week as private pension funds are forced to shed foreign holdings.
The funds must unload all
foreign assets by Oct. 31, ``particularly those in Brazil,''
Amado Boudou, the head of the country's social security agency, said in an interview today with America 24. La Nacion reported yesterday that the AFJPs might have to dump the securities as soon as this week..."
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