(Bloomberg) -- Mexican shares fell for a second day on
concern subprime loan losses in the U.S. may signal a further
weakening in the economy that buys 80 percent of Mexican exports
and lead to higher borrowing costs.
Mexico's Bolsa index retreated 286.97, or 0.9 percent, to
31,175.18 as of 3:24 p.m. New York time, led by mobile phone
company America Movil SAB. The Bovespa Index of the most-traded
stocks on the Sao Paulo exchange was little changed.
Read more at Bloomberg Stocks News
concern subprime loan losses in the U.S. may signal a further
weakening in the economy that buys 80 percent of Mexican exports
and lead to higher borrowing costs.
Mexico's Bolsa index retreated 286.97, or 0.9 percent, to
31,175.18 as of 3:24 p.m. New York time, led by mobile phone
company America Movil SAB. The Bovespa Index of the most-traded
stocks on the Sao Paulo exchange was little changed.
Read more at Bloomberg Stocks News
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