# Mexican Stock Exchange experiences largest drop since 2016 - Aztec Reports

> Mexico's stock exchange fell 4.2 percent on Monday, its largest drop since November 2016, after voters rejected the new Mexico City airport project. The peso weakened to about 20.36 per dollar by the close. Officials said the market reaction was not a cause for alarm, while the status of the roughly $13 billion partly built airport remains unclear.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/62744-mexican-stock-exchange-experiences-largest-drop-since-2016-aztec-reports
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Financial stress in Mexico weakens the peso and raises import costs for feed and food buyers there. The price effect on agricultural commodities is limited and mainly indirect.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- aztecreports.com: https://www.aztecreports.com/mexican-stock-exchange/1836/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.