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MEXICAN STOCKS
* Mexican stocks broke a three-day losing streak to end higher Wednesday, as the latest rise in short-term interest rates was less than expected.
* The Bolsa index gained 18.65 points to 2,260.18, even though the peso fell to another record low against the dollar as 28-day treasury bill rates neared 60%. Traders said some investors had assumed that the market would demand rates above 70% in compensation for the peso’s latest slide.
* Although stocks appear to be holding up relatively well, analysts say trading is thin, and they note that U.S.-listed Mexican shares have been devastated this year.
The Bolsa Index
Wednesday closes: 2,260.18
Source: Reuters
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