Amid Trump selloff, Brazil turnaround story outshines Mexico

U.S. President-elect Donald Trump’s surprise victory could be a blessing in disguise for Brazil as the country’s agenda of fiscal reform and low reliance on trade lure investors away from more vulnerable Mexican markets.

Emerging markets have sold off since the Nov. 8 election on concerns tax cuts and heavy infrastructure spending under a Trump administration could force the Federal Reserve to hike rates faster, potentially draining capital from high-yielding assets in the developing world.

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