In Latin America, "it pays to buy the correction," JPMorgan Chase says, foreseeing a 12-month...

|By:, SA News Editor

In Latin America, "it pays to buy the correction," JPMorgan Chase says, foreseeing a 12-month return of up to 27% in regional stocks led by raw materials and homebuilders. Stocks including Petrobras (PBR), Gafisa (GFA) and PDG Realty (PDGRY.PK) have been "clobbered," falling up to 21%.