Beer Sector Hit By Swine Flu

Shares in Mexico's two largest brewers have been hit by the swine flu epidemic after the Mexican authorities ordered the closure of bars and clubs. Shares in the country's largest brewer Grupo Modelo fell by 9% on April 27 while shares in beer and soft drink producer Fomento Económico Mexicano (FEMSA) fell by over 10%. This compares to a 6% fall for the wider Mexican stock index and suggests that investors are worried that the brewing (and soft drink) sectors may be disproportionately impacted by the outbreak that has rocked the

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