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EMERGING MARKETS-Politics weigh on Chilean, Brazilian equities

Published 24/11/2017, 03:14 am
© Reuters.  EMERGING MARKETS-Politics weigh on Chilean, Brazilian equities
BHP
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BRBY
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BHPB
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HG
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MERV
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SPIPSA
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SPCLXIGPA
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IBOV
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USIM5
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MXX
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IGBC
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MSCIEF
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MILA00000PUS
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IBC
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SAO PAULO, Nov 23 (Reuters) - Equities markets across Latin America fell on Thursday amid light Thanksgiving trading, led by the blue-chip IPSA index in Chile, where investors are still jittery over a weak performance by conservatives in elections over the weekend.

On Thursday, leftist Chilean presidential candidate Alejandro Guillier - who is competing in a tight runoff after coming in second in first-round elections on Sunday - said he was open to eliminating Chile's quasi-private pension fund system in favor of a state-run model.

Additionally, workers at BHP Billiton Ltd's BLT.L BHP.AX Escondida copper mine in Chile, the world's biggest, walked off the job temporarily, spooking investors in the mining-dependent country. The IPSA .IPSA was off 1.27 percent in midafternoon trading.

Brazil's Bovespa .BVSP was down 0.72 percent as President Michel Temer continues to face difficulties pushing through a pension reform seen as key to shoring up the nation's fiscal health.

On Wednesday night, the congressman in charge of drafting the reform presented a new version in an event at Temer's official residence. However, attendance was poorer that expected, which some analysts interpreted as a sign of relatively weak support for the measure.

Among the poorly performing major constituents of the index was steelmaker Usinas Siderurgicas de Minas Gerais SA USIM5.SA , which was off 1.2 percent.

Key Latin American stock indexes and currencies at 1601 GMT: Stock indexes

daily %

YTD %

Latest

change

change MSCI Emerging Markets

1152.44

-0.37

34.14 .MSCIEF

MSCI LatAm .MILA00000PUS

2811.31

-0.14

20.27

Brazil Bovespa

.BVSP

73979.88

-0.72

22.83

Mexico S&P/BVM IPC

48219.39

0.05

5.64 .MXX

Chile IPSA

.IPSA

5063.67

-1.27

21.98

Chile IGPA

.IGPA

25504.43

-1.19

23.01

Argentina MerVal

.MERV

27092.33

-0.86

60.14

Colombia IGBC

.IGBC

10868.33

-0.09

7.31

Venezuela IBC

.IBC

698.32

0.25

-97.80

Currencies

daily %

YTD %

change

change

Latest

Brazil real

BRBY

3.2333

0.02

0.49

Mexico peso

MXN=D2

18.6030

0.22

11.51

Chile peso

CLP=CL

635

-0.28

5.62

Colombia peso COP=

2975.32

-0.08

0.88 Peru sol

PEN=PE

3.236

0.00

5.50

Argentina peso (interbank)

17.4000

0.23

-8.76 ARS=RASL

Argentina peso (parallel)

18.1

0.22

-7.07 ARSB=

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