Election Impact on Markets - Mexico and India

The podcast delves into the market reactions following the recent elections in Mexico and India. In Mexico, Claudia Schienbaum's landslide victory raised concerns among investors regarding potential changes that could threaten the rule of law within the country, leading to a sell-off in the peso and stocks. Similarly, in India, the unexpected election results caused Indian stocks to plummet, notably impacting companies associated with PM Narendra Modi, who secured a reduced mandate. The differing market reactions in Mexico and India reflect investors' unease about the implications of the election outcomes on business environments and economic policies.