Top Stock Pick Cemex Tumbles as Global Growth Concerns Sink Peso

  • Shares post biggest decline on IPC as peso falls to record low
  • Majority of cement maker's revenue comes from outside Mexico

Cemex SAB, the only Mexican stock that analysts universally recommend buying, fell to the lowest level in more than three years as concern over global growth damped the outlook for construction materials and the peso sank to a record. 

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