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Mexico stocks sink 3 pct on global economy woes

Mon Jun 22, 2009 11:11am EDT

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MEXICO CITY, June 22 (Reuters) - Mexican stocks sank on Monday as investors questioned the potential strength of a global economic recovery, hammering stock markets, commodity prices and emerging market assets around the world.

Mexico's IPC stock index .MXX lost 3.03 percent to 23,538, hit by losses at mobile phone operator America Movil (AMXL.MX) and miners Grupo Mexico (GMEXICOB.MX) and Penoles (PENOLES.MX). (Reporting by Michael O'Boyle; Editing by James Dalgleish)



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