Mexico stocks succumb to global worries;
Mexican stocks succumbed to global economic worries over the debt crisis in Europe and fears of lower growth in the US and elsewhere during midday trading Tuesday, with heavyweight issues no longer able to keep the local market in positive territory as world markets slid.
Mexican stocks ended at a record high on Monday after nearly 15 months of volatility, as comments by US Federal Reserve Chairman Ben Bernanke supported the view that economic conditions are continuing to improve but could possibly need some additional stimulus, and as the euro-zone gloom that had been keeping risk at bay lifted in recent weeks.