Mexican stocks nosedive to near one-year low

MEXICO CITY, June 20 Thu Jun 20, 2013 2:47pm EDT

MEXICO CITY, June 20 (Reuters) - Mexico's IPC stock index fell more than 3 percent on Thursday, on track for its biggest one-day fall since September 2011.

The index, which has been smacked on concerns the world's central banks may look to wind down their massive asset-buying schemes, dropped more than 3 percent to trade 37,854.09 points, its lowest level in nearly a year.