Trade Disputes and Global Recession Concerns Impact Local Indices
Mexican stock markets closed lower on Tuesday, influenced by trade tensions between the US and China and fears of a global economic downturn. The leading indices extended their negative streak.
The benchmark index at the Mexican Stock Exchange (BMV), the S&P/BMV IPC, which includes the most actively traded local stocks, fell by 0.28% to 50,316.59 points. The FTSE BIVA, from the Institutional Securities Market (Biva), declined by 0.39% to 1,019.70 points.
Within the main index, most values ended in the red. Notable declines included 3.12% for GCC to 170.42 pesos, followed by América Móvil with a drop of 2.58% to 13.98 pesos, and Kimberly Clark falling 2.36% to 31.51 pesos.
The US government announced it will raise tariffs on China to 104% starting Wednesday, after China refused to withdraw its 34% retaliatory tariffs in response to the original 54% tariffs imposed by Donald Trump’s administration.
Earlier in the session, the main index of Mexico’s stock market briefly rose over 1%, boosted by anticipation of early US tariff negotiations. However, risk appetite waned throughout the day.
In three consecutive days of losses, the principal local index has dropped 6.74%, mirroring trends in major global markets, particularly its New York counterparts. Yet, in 2025, despite pressures, the S&P/BMV IPC has seen a year-to-date rise of 1.62%.
