NEW YORK (MarketWatch) -- Latin American stocks traded mostly lower Monday with the U.S. equity markets falling on increasing doubts for a fast and effective resolution for Europe's debt crisis. Brazil's Ibovespa lost more than 2%, trading at 55,405.71, with oil companies dragging on the index. Shares of oil giant Petrobras shaved off 6%. Last week, the company announced that it would increase gasoline and diesel prices. Chile's IPSA equity index also fell 0.7% to 4,328.09. Mexico's IPC index climbed 0.1% to 39,102.42. Brewer Grupo Modelo edged up 9.7%, on the news that Anheuser-Busch InBev is close to completing a takeover of the Mexican brewer, reports said.
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