(Recasts with oil price rebound; adds details on Brazil stocks)
By Bruno Federowski
SAO PAULO, Oct 13 Mexican stocks and currencies
seesawed on Thursday after weak Chinese trade data weighed on
demand for risky assets, but a late-day rally in oil prices
helped limit losses.
China's September exports fell 10 percent from a year
earlier, a far bigger decline than analysts expected, while
imports posted a surprise drop.
Persistent concerns over economic weakness in the world's
biggest commodities consumer have weighed on demand for assets
in regions exporting raw materials, such as Latin America.
But Latin American assets pared losses as oil prices
rebounded to end higher after a U.S. government report of
larger-than-expected consumption of diesel and gasoline.
The Mexican peso was little changed, down 0.09
percent from the day prior. Mexico is a top crude exporter to
the United States.
Mexico's benchmark IPC stock index fell 0.36 percent,
with financial institution Gentera and airport
operator leading losses.
Brazil's currency and stocks fared better
than their peers, however, after a vote in Congress reinforced
expectations that President Michel Temer will be able to limit
public spending and curb the country's debt load.
Shares of state-controlled oil company Petróleo Brasileiro
SA , commonly known as Petrobras, rose
following a bigger-than-expected drop in U.S. inventories of
Miner Vale SA and steelmakers Usinas Siderúrgicas
de Minas Gerais SA and Cia Siderúrgica Nacional SA
saw losses, tracking commodities prices lower.
The Brazilian real closed at 3.18 per dollar, a 0.57 percent
gain from the previous day.
Key Latin American stock indexes and currencies at 2100 GMT:
Stock indexes Latest Daily pct YTD pct
MSCI Emerging Markets 890.65 -1.34 12.15
MSCI LatAm 2,467.97 -0.6 34.88
Brazil Bovespa 61,118.58 0.16 40.99
Mexico IPC 47,741.54 -0.36 11.08
Chile IPSA 4,125.40 0.32 12.10
Chile IGPA 20,656.75 0.28 13.80
Argentina MerVal 17,234.81 0.15 47.62
Colombia IGBC 10,000.15 -0.08 17.00
Venezuela IBC 13,463.18 -0.19 -7.71
Currencies Latest Daily pct YTD pct
Brazil real 3.1774 0.09 24.22
Mexico peso 18.9300 -0.09 -8.98
Chile peso 671.2 -0.66 5.74
Colombia peso 2,916.01 0.00 8.69
Peru sol 3.405 -0.15 0.26
Argentina peso 15.1300 -0.33 -14.19
Argentina peso 15.5 0.19 -7.94
(Reporting by Bruno Federowski; Editing by Meredith Mazzilli
and Alan Crosby)