Latam stocks plunge for 3rd day in a row

Latin American stocks fell Wednesday for the third day in a row on fears that a recession is gripping the planet and will hurt Latin America's largest economies.

Brazil's Ibovespa index plunged 5.1 percent when trading opened but then recovered most of the lost ground and was down 0.8 percent to 39,834 in late morning trading. The losses led Latin American markets and came on top of a 4.5 percent plunge Tuesday.

Chile's IPSA index …