EMERGING MARKETS-Latam markets ease lower on China worries, commods prices

martes 18 de agosto de 2015 10:42 GYT
 

SAO PAULO, Aug 18 (Reuters) - Latin American financial
markets fell modestly on Tuesday after a sharp drop in China's
stock market raised fears over slowing economic growth and
weaker purchasing power in one of the region's top trade
partners.
    Every major Latin American currency weakened against the
dollar, while the MSCI Latin American stock index
 extended recent losses, touching its lowest
level since early 2009.
    Chinese stocks fell more than 6 percent as the yuan weakened
against the dollar, raising fears that Beijing may further
devalue the currency. Such a move could decrease China's
consumption and import levels. 
    China is Brazil's top trade partner and a major purchaser of
Latin American raw materials such as iron ore, petroleum,
soybeans and copper.
    Chile's peso posted the biggest loss among the
region's currencies as the price of copper, the
country's main export, extended its three-month decline.
    "The fall in China's markets today is rekindling risk
aversion once again," said Joao Paulo de Gracia Correa, a trader
with brokerage SLW in Sao Paulo.
    Brazil's real  weakened slightly but was unable
to break the 3.50 per dollar resistance level. 
    In equities markets, Brazil's Bovespa stock index 
fell for the sixth straight day as investors sold off shares of
widely traded companies such as lender Itau Unibanco SA
 and state-run oil producer Petroleo Brasileiro SA
, known as Petrobras. Such shares tend to attract
foreign investors looking for exposure to Brazilian assets and
often track global risk appetite.
    Mexico's IPC stock index and Chile's IPSA stock index
 both fell about 0.35 percent.    
    Key Latin American stock indexes and currencies at 1431 GMT:
    
 Stock indexes                        daily %    YTD %
                             Latest    change   change
 MSCI Emerging Markets        846.62    -0.95   -10.62
                                               
 MSCI LatAm                  2118.61    -1.26   -21.34
                                               
 Brazil Bovespa           46703.6808    -1.09    -6.61
                                   1           
 Mexico IPC                 43798.72    -0.35     1.51
                                               
 Chile IPSA                  3772.41    -0.35    -2.04
                                               
 Chile IGPA                 18436.75    -0.16    -2.30
                                               
 Argentina MerVal          11316.659    -1.19    31.91
                                               
 Colombia IGBC               9634.37    -0.75   -17.19
                                               
 Venezuela IBC              14912.99    -1.18   286.47
                                               
                                                      
 Currencies                           daily %    YTD %
                                       change   change
                              Latest           
 Brazil real                  3.4875    -0.18   -23.80
                                               
 Mexico peso                  16.433    -0.04   -10.28
                                               
 Chile peso                    697.8    -1.15   -13.10
                                               
 Colombia peso                3003.3    -0.29   -20.49
 Peru sol                     3.2481    -0.16    -8.28
                                               
 Argentina peso               9.2450    -0.03    -7.52
 (interbank)                                   
                                               
 Argentina peso                15.05    -0.53    -6.98
 (parallel)                                    
                                               
 
 (Reporting by Asher Levine and Bruno Federowski; Editing by
Meredith Mazzilli)