(Reuters) - MEXICO CITY, Aug 3 - Mexican stocks closed down
sharply on Friday and the peso weakened after Standard and
Poor's cut its outlook on Bear Stearns' debt, spooking
investors already nervous about the U.S. subprime mortgage
market.
The benchmark IPC stock index fell 2.38 percent to
29,671.77 points, while the peso currency slipped 0.28
percent to 10.987 per dollar.
Read more at Reuters.com Bonds News
sharply on Friday and the peso weakened after Standard and
Poor's cut its outlook on Bear Stearns' debt, spooking
investors already nervous about the U.S. subprime mortgage
market.
The benchmark IPC stock index fell 2.38 percent to
29,671.77 points, while the peso currency slipped 0.28
percent to 10.987 per dollar.
Read more at Reuters.com Bonds News
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