Brazil's stocks fell on Friday as markets in Sao Paulo reopened after a holiday and reacted to a second day of dips in US equities. The Bovespa index of the Sao Paulo Stock Exchange fell 0.61 percent to close at 44,412 points.
On the stock market, shares of mining giant CVRD, the world's largest iron ore producer, fell 1.49 percent to 59.60 reais, retreating from its record high on Wednesday and falling for the first time after a 12 percent surge in the four previous sessions.
The company on Friday said it plans to spend a record $6.3 billion in 2007, up about 40 percent from 2006, to expand iron ore, nickel and copper output at its several mining projects.
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