

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.
The Financial Times reported that the bets against the Mexican stock market have come via BlackRock’s $1bn USD Mexico exchange traded fund. Approximately three-quarters of the ETF’s assets are being shorted, suggesting some investors are preparing for a Trump win.

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.
To read complete article click here.
Source: ft.com
Comments
more recommended stories
First Account Surplus in decades for Mexico during 2020
(Reuters).- Mexico registered an annual current.
Banco de Mexico is ready to help Financial Markets operate “smoothly”
MEXICO CITY (REUTERS) – Mexico’s central bank.
Is AMLO trying to break with the USMCA?
Ahead of Blinken meeting, Mexico president.
Bill Gates to AMLO: more education and less oil
Bill Gates reveals that if he.
Chichén Itzá will close for the second year during the Spring Equinox
Chichén Itzá will reopen its doors.
FBI Confirms Report of ‘Long, Cylindrical’ UFO ‘Moving Really Fast’ Over New Mexico
American Airlines pilots encountered a strange UFO over New Mexico..
Mayoral candidate executed by “sicario” in Puerto Morelos
The official under the command of.
Tulum police arrest gay couple for kissing in public (VIDEO)
“They can’t kiss in public because.
Yucatan State Security totally secretive regarding Las Americas execution
The Yucatan State Security authorities are.
Mexican meat companies to conquer China.
At least 50 producers are waiting.
Leave a Comment