A suicide bid at finance exchange

Times Wire Reports

A trader shot himself in the chest in the pit of Brazil’s main financial exchange.

Paulo Sergio Silva, 36, a trader for Brazilian banking giant Itau, was in critical condition, hospital staff said.

Brazil’s financial markets have taken a pounding, causing massive losses for investors and companies alike.

The commodities and futures exchange in Sao Paulo, controlled by BM&FBovespa; SA, did not halt trading. The exchange said it was unclear how the gun passed through its metal detectors.