Latin America's three major stock markets closed lower on Tuesday. Mexico City's IPC stock index closed at 31,364.89 points, down 2.42 percent. A total of 319 million shares were traded with a volume of 581 million U.S. dollars. At Buenos Aires stock market, the Merval index ended at 2,293.29 points, down 3.18 percent, with a volume of 22.613 million dollars. In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index finished at 65,156 points, down 1.25 percent. The trade volume reached 2.819 billion dollars. 