1308 ET - Mexican stocks are higher along with gains in the local currency as Mexico is excluded from the U.S. list of countries to be hit with reciprocal tariffs, while exports compliant with the USMCA are exempted from other tariffs. The market's IPC index is up 1.5%, with domestically focused stocks such as Wal-Mart de Mexico and Grupo Financiero Banorte among the top gainers. Shares of Cemex, which is focusing its growth on the U.S., are down 3.7%, and copper miner and transportation concern Grupo Mexico shares are off 3.1%.The peso is up 1.1% at 19.98 to the U.S. dollar. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 13:08 ET (17:08 GMT)
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