The Mexican Stock Exchange fell sharply in its first negotiations this Wednesday after the victory in the US elections of Donald Trump was announced, whose trade policies are seen as harmful to the country’s economy.
The leading S&P/BMV IPC index, which groups together the most liquid stocks in the domestic market, lost 2.52% to 49,549.80 points.
The titles of Gentera, specialized in credit services, led the decline, with 6.11% less to 23.83 pesos, followed by those of Regional Bank, known as Banregio, which fell 5.98% to 116.88 pesos.
Read more: Peso hits its worst level in two years after Donald Trump’s victory
Peso weakens due to US election results
The peso depreciated sharply this Wednesday, extending a streak of volatility for the currency.
The peso was trading at 20.6350 per dollar, with a loss of 2.68% compared to the Reuters reference price on Monday, after weakening in the early morning to 20.8038 units, a level not seen since August 2022.
With information from Reuters.
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