Mexican stocks jump after China stimulus plan
Mexican stocks jumped on Monday after China announced a nearly $600 billion economic stimulus plan, adding to measures by major governments to contain the financial crisis and a global economic slowdown.
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.