Traders Stunned by Election Surprises From Mexico City to Mumbai
(Bloomberg) — Early Monday morning, one of the world’s most profitable currency trades unraveled, done in by a twist in Mexican elections few saw coming. Twenty hours later, investors in India started frantically dumping stocks, triggering a one-day, $386 billion wipeout, when they realized they had badly miscalculated the scope of Narendra Modi’s election victory.Most Read from BloombergBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayBehind ‘Suicide Squad,’ the Year’s Biggest Vid
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