Demand for the anti-viral medicine Tamiflu has spiked following reported cases of swine flu in many parts of the world.
On Monday, many emerging markets funds, which typically hold stakes in Mexican stocks, saw a bigger dip than those that track developed markets, but even an ongoing decline in Mexico-based stocks shouldn't be significant, says Derrick. Mexico isn't a big component of emerging market indexes (which such funds use as benchmarks). For example, the country makes up roughly 5 percent of the MSCI Emerging Markets index.
[For more commentary, see Swine Flu Fallout: Stocks, Trade, and the Economy.]
robin of AZ @ May 05, 2009 22:55:17 PM