(Rewrites to add context, measures detailed in paragraphs 1-3)
SAO PAULO (Reuters) - Brazil to duplicate a taxon of foreign investment in domestic bonds movement is unlikely that the hampertrading products stocks and derivatives, mountain biking & Bovespa ChiefExecutive Edemir Pinto said Tuesday.
The decision, which was announced on Monday afternoon and the presidential election of afterthe could not produce a first-roundwinner, raised to 4 percent of 2percent IOF tax called previously.
Bovespa, main index of Brazil, stock index gained 0.6% 70,806.18, the highest level since April15.
Mountain biking & Bovespa, Latin America's largest exchangeoperator expects record as 80 unsponsoredBrazilian depositary receipts on the stock exchange at the end of BT, said Pinto.
The company began trading of receipts representing sharesof Google Inc., Apple majorglobal Inc. and other companies on Tuesday.(Reporting by Elzio Barreto; writing by GuillermoParra Bernal; editing by Gerald e. McCormick)
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