Claudia Sheinbaum will become Mexico's first winning a landslide election victory and promising to continue the work of her mentor and outgoing leader Andres Manuel Lopez Obrador whose help for the poor made him highly popular. She will bet Mexico's first woman leader in the nation's more than 200 years of independence
Sheinbaum won the highest vote percentage in the history of Mexico's democracy, according to preliminary results from the electoral authority. Her party's victory was so extensive that markets fell on concerns that the ruling coalition would secure a congressional super-majority.
Mexico's peso lost 4 per cent against the dollar on Monday, later recovering a bit, trading down 3 per cent. Mexico's stock market was down 3 per cent in morning trade.
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