Mexico’s stock market just had a bruising week — what hit the Bolsa Mexicana?
Mexico’s benchmark S&P/BMV IPC tumbled 5.73% across the week, wrapping up Friday at 67,312.78. Timing played a role here. The slide landed just as investors were recalibrating expectations for growth and interest rates after an unexpected dip in U.S. payrolls and a spike in oil prices—a combination that usually deals a blow to emerging market risk assets, with cyclical sectors taking the initial hit.