Mexico ETF: Set to slide to 3-month low on Trump's tariff threat

Forward Industries

31/05/2019 13:15

** IShares Mexico Large-Cap ETF  EWW.P  slides 5.7%, set to
open at 3-month low at current levels
    ** ETF hit by Trump's threat to impose up to 25% tariffs on
all imports from Mexico 
    ** U.S.-listed shares of CEMEX  CX.N  down 5.9%, Grupo
Televisa SAB  TV.N  off 3.8%, América Móvil SAB de CV  AMX.N 
fall 4.9% premarket
    ** Mexico's IPC 30 Midcap index  .IMC30  has fallen 2.4% in
the last 2 weeks, while the Mexican peso  MXN=  sank as much as
3% on Friday
    ** The Europe-listed Xtrackers MSCI Mexico UCITS
exchange-traded fund  D5BI.DE  slumped 6.8% on Friday
    ** ETF set for its worst one-day slide in 12 weeks; ETF up
7.9% YTD after 18.3% fall in 2018

 (Reporting by Shivani Singh and Karina Dsouza in Bengaluru)
 ((Karina.Dsouza@thomsonreuters.com))