Mexican homebuilders sank after Geo, the country's largest homebuilder, said it will not meet interest payments on certain local debt due on Friday. Shares in Geo fell 28.29 percent, while Homex was down 26.42 percent. In Brazil, iron-ore miner Vale, which is heavily weighted on the Bovespa, fell 2.67 percent a day after shares jumped following the company's stronger-than-forecast first-quarter earnings. Steelmaker Usiminas fell 5.27 percent. Chile's IPSA index fell 0.70 percent, as a 1.95 percent fall in shares of retailer Falabella weighed. Copyright Reuters, 2013