Reported 4 months ago
Recent political events in Mexico, South Africa, and India have caused significant impacts on their respective markets, demonstrating that politics can still wield influence in major emerging economies. Mexico experienced a 5% drop in the peso following election results, while South Africa's rand fell 3.5% due to election uncertainties. In India, the prospect of Narendra Modi losing his majority led to a 6% stock market decline, affecting government borrowing costs and the rupee. Analysts are cautious about potential political risks ahead, emphasizing the importance of monitoring key elections like the upcoming race in the U.S.
Source: YAHOO