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Top Mexican banking and financial workers are under quarantine or are working from home after attending an event in the Pacific last week where at least one participant later tested positive for coronavirus.
In contrast to much of Latin America, Mexico’s government has taken a laissez-fire approach to tackling the virus and has allowed large events go ahead, including a banking conference in the beach resort of Acapulco and a music festival in Mexico City.
The Australian stock market surged 3.8% on Friday to open the last day of trade of one of the most turbulent weeks in the exchange’s history.
Share prices have been up and down – mostly down – all week as traders struggle to understand the lasting economic damage that will be wrought by the Covid-19 pandemic.
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