September 30, 2019 / 3:31 PM / 2 months ago

EMERGING MARKETS-Latam markets subdued as trade woes persist

    Sept 30 (Reuters) - Latin American currencies and stocks
made slight moves on Monday as the dollar stood firm amid
concerns about the fallout from a bruising U.S.-China trade
dispute and signs of a global slowdown.
    Capping a volatile quarter for financial markets marked by
heightened trade tensions, political turmoil in Britain and Hong
Kong and a crash in Argentina's markets, an index of Latin
American currencies edged down 0.3% on the day,
on track for its worst three months since June 2018.
    The Argentine peso, among the worst performers this
quarter, shed nearly a third of its value after President
Mauricio Macri's poor showing in the presidential primaries in
August. The Brazilian real and the Colombian peso
followed with about 7% declines each. 
    On the day, Latin American currencies edged lower as the
dollar found favor following weak growth data from Germany and
lackluster China factory activity numbers.
    Trade headlines also frayed investors' nerves following
reports last week that the Trump administration was considering
de-listing Chinese companies from U.S. stock markets even though
they were hosed down by Treasury officials.
    Brazil's Bovespa dipped with banks taking a hit,
while a 2% jump in car rental company Localiza and
homebuilder Cyrela Brazil Realty SA helped offset the
losses. 
    A fall in oil prices hurt Colombia's peso the most, while
the stock index stayed afloat.
    Chile's assets came under pressure after
data showed its production of both copper and lithium jumped in
August, although its manufacturing production dropped 1.5%
compared with the same month the previous year.
         
    Latin American stock indexes and currencies at 1517 GMT:
    
        Stock indexes                  Latest       Daily %
                                                     change
 MSCI Emerging Markets                    1001.21       -0.03
 MSCI LatAm                               2669.93       -0.61
 Brazil Bovespa                         104774.00       -0.29
 Mexico IPC                              42996.80        0.32
 Chile IPSA                               5072.66       -0.53
 Argentina MerVal                        28415.09      -1.601
 Colombia IGBC                           12897.38        0.04
                                                             
           Currencies                  Latest       Daily %
                                                     change
 Brazil real                               4.1670       -0.28
 Mexico peso                              19.7240       -0.19
 Chile peso                                 728.1       -0.31
 Colombia peso                            3474.63       -0.52
 Peru sol                                   3.385       -0.12
 Argentina peso (interbank)               57.5750       -0.43
                                                   
 
    
    

 (Reporting by Sruthi Shankar in Bengaluru; editing by Grant
McCool)
  
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