Key Facts
The S&P/BMV IPC, Mexico’s main stock index, fell 1.23%, closing at 66,476 points as a sharp sell-off in US technology shares soured risk appetite.
The Mexican peso was barely moved, with USD/MXN edging up just 0.03% to 17.44 per dollar, showing unusual stability during the equity decline.
America Movil was the heaviest drag, slumping 2.9% as the telecoms giant was caught in the downdraft hitting global communications stocks.
Mexico’s index is now 7.2% below its 52-week high, reflecting months of pressure from high local interest rates and political uncertainty.
