Stocks in Latin America's second-largest market had been higher, alongside gains on Wall Street earlier Monday as investors prepared for the result of the U.S. central bank's meeting on Tuesday. Monetary policy makers are expected to acknowledge that the economic recovery is slowing.
Such reports have prompted some market strategists to expect the Fed to announce more efforts to support the economy. U.S. economic conditions are important to Mexico as Mexico sends roughly 80% of its products to the U.S
Source http://www.marketwatch.com/story/mexico-stocks-reverse-course-lose-ground-2010-08-09?siteid=yhoof
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