The Mexican market had a ride this week, as markets rose and fell based on the leader in Sunday’s elections. In the Mexican presidential race, the market favorite, Felipe Calderon, was declared the winner on Thursday. But his rival, Andres Manuel Lopez Obrador wants to challenge the vote count to the high court.
iShares MSCI Mexico (EWW), an exchange traded fund, which represents Mexico, was up 4% on Thursday, but then concern over what the courts would say about the presidential winner, sent the markets down on Friday. The ETF finished the week up almost 5%.
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