Brazil's stock market may be eclipsed by Mexico's
For the past two decades, Brazil has been the indisputable king of Latin American stock markets. At one point a few years ago, its market had gotten so big that it was almost four times larger than that of its nearest rival, Mexico.
But now, as the nation’s recession and political crisis deepen and its currency plunges, Brazil’s grip on the top spot is suddenly weakening. That gap over Mexico, once as much as $1.1 trillion, is down to just $133 billion.