Mexico stocks drop one day after Fed rate cut
MEXICO CITY, March 19 (Reuters) - Mexican stocks fell sharply on Wednesday one day after a deep Federal Reserve interest rate cut sparked a big rally.
The benchmark IPC stock index .MXX dropped 1.26 percent to 29,144 points, weighed down by a drop in heavyweight cellphone operator America Movil (AMXL.MX: Quote, Profile, Research). (Reporting by Jason Lange, Editing by Chizu Nomiyama,)
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