Mexican stock markets rebound nearly 2% after three days in the red.

The Mexican stock market halted several days of losses as trade tensions eased after the United States reached a trade agreement with Japan.

The Mexican Stock Exchange's main index, the S&P/BMV IPC, gained 1.73% to trade at 56,478.90 points, while the FTSE-BIVA, the most representative indicator of the Institutional Stock Exchange, rose 1.85% to 1,137.44 points.

Stock baskets halted three days of losses, while moving away from their lowest level in three months.

Market optimism was evident after the new agreement between Washington and Tokyo, which imposes a 15 percent tariff on imports from Japan, President Donald J. Trump said.

This agreement represents a reduction in the 25% tariffs that were threatened to be imposed next week. Meanwhile, Tokyo will receive US$550 billion in investment.

For his part, Treasury Secretary Scott Bessent stated that talks with the European Union and China were moving forward.

Locally, investors closely followed the financial reports of the companies Alfa and Cuervo.

Gabriela Siller, director of analysis at Banco Base, said the BMV "closed the session with a gain of 1.73%, breaking a three-session losing streak and marking the largest gain since May 6."

With Wednesday's gain, the year-to-date performance of the IPC is 14.07 percent, while the FTSE-BIVA is 13.20 percent.

The best-performing stock of the session on the S&P/BMV IPC was Alsea, up 15.04% to 55 pesos. It was followed by Cuervo, the world's largest tequila company, with a 4.62% gain to 22.18 pesos.

The worst performers on the index were Coca-Cola FEMSA, which fell 4.20% to 158.58 pesos; Grupo Bolsa Mexicana de Valores, which lost 2.07% to close at $40.71; and Qualitas, which fell 1.62% to 169 pesos.

Positive stocks outnumbered negative stocks on the Mexican Stock Exchange by 160 to 76, with 14 closing unchanged, according to Investing.