U.S. stock market investors are betting against Mexico
Investors have placed bets worth around $745m USD that Mexico’s stock market will fall in the closing days of the US presidential race as opinion polls suggest Democratic candidate Hillary Clinton’s lead over Donald Trump, the Republican candidate, has narrowed.
Around 80 per cent of Mexico’s exports go to the US. The Latin American economy is expected to suffer if Mr Trump wins the White House, due to his protectionist trade and immigration policies.
The ETF bets against the Mexican stock market increased substantially following the FBI’s decision to open a new probe into Mrs Clinton’s use of a personal email server during her time as secretary of state.
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