Poll toll: election shocks stun investors from India to Mexico
Ezra Fieser
New York | This week, one of the world’s most profitable currency trades unravelled, done in by a twist in Mexican elections few saw coming.
Twenty hours later, investors in India started frantically dumping stocks, triggering a one-day, $US386 billion ($578 billion) wipeout, when they realised they had badly miscalculated the scope of Narendra Modi’s election victory.
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Bloomberg
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