🔴 MEXX is trading 3.7% down in pre-market as USMCA uncertainty discourages Mexico investment

MEXX is trading at $27.13 (-3.66%) in pre-market amid uncertainty over the USMCA annual review.

• Mexico’s IPC index fell 0.82% on September 1, while the peso remained broadly stable.
• Reuters reported the uncertainty is discouraging new investment and prompting some companies to consider relocating.
• Broader risk sentiment remains weak as oil, yields, geopolitical tensions, and softer U.S. equity futures pressure risk assets; MEXX’s 3x Mexican-equity exposure likely amplifies the decline.