Home Markets EMERGING MARKETS-Slowing growth worries hammer Latam assets, Mexico’s peso slumps 1%

EMERGING MARKETS-Slowing growth worries hammer Latam assets, Mexico’s peso slumps 1%

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* Brazil c.bank mulled hiking by over 100 bps -minutes * Mexican cenbank seen hiking by 25 bps on Thursday * Chilean peso hits near one-year low (Adds details, updates prices throughout) By Susan Mathew and Shreyashi Sanyal Sept 28 (Reuters) – Latin American stocks joined a broader sell-off in markets on Thursday, driven by uncertainty around economic growth, while surging U.S. Treasury yields weighed on currencies, pushing the Mexican peso and Brazil’s real down more than 1% each. Downbeat profit growth at China’s industrial firms amid a power shortage there was the latest data set to spook markets amid evidence of slowing growth in the world’s second largest economy, a major destination for resource-rich Latam’s commodity exports. MSCI’s index of Latam stocks tumbled 3.4%, while its currencies counterpart touched one-month lows. Brazil’s real hit a near six-week low, last trading down 1% at 5.4311 to the dollar. Minutes of the central bank’s policy…

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