Khaberni - Mexican assets, including the peso and stocks, faced pressure as investors assessed the state of chaos that hit parts of the country, following a security operation targeting the leader of one of the largest drug cartels.
The «S&P/BMV IPC» stock index settled at 71,452 points, after having dropped to 70,802 points earlier in the session.
The dollar rose against the Mexican currency by 0.25% to 17.1733 pesos, but the US currency is still down about 4.80% against its Mexican counterpart since the beginning of the year.
Flight Cancellations
Yesterday, «Nemesio Ruben Oseguera Cervantes», the leader of the «El Mencho» cartel (one of the largest drug trafficking gangs in the country) was killed during a raid carried out by Mexican authorities in the state of Jalisco in the west of the country, which led to violent clashes across the nation.
The US Department of State issued a travel warning for several cities across Mexico, and several major international airlines have canceled their flights to and from Mexico, due to the violence linked to drug cartels there.
