Tag: Mexico's stock market

• Tuesday, July 3rd 2018 - 07:13 UTC

  Mexican peso weakens and stock market sheds 2% after Lopez Obrador sweeping Sunday victory

  

  Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s