Chile stocks, peso fall with global markets

SANTIAGO Nov 6 (Reuters) - Chilean blue chip stocks .IPSA closed down nearly 3.0 percent on Thursday, tracking losses on global bourses, while the peso ended lower.

The blue-chip IPSA index .IPSA lost 2.66 percent to end at 2,527.06 points, building on a 1.17 percent fall on Wednesday, while the all-market IGPA index .IGPA fell 2.08 percent to close at 11,956.09 points.

Other regional bourses fell even as Wall Street .DJI slid nearly 5 percent in late afternoon and Brazil's Bovespa .BVSP closed down nearly 4 percent.

As investors dumped commodity shares worldwide, Soquimich SQM_pb.SN (SQM.N), the world's leading lithium and iodine producer, led the day's losers, falling 10.48 percent to 13,500 pesos per share after falling 5.73 percent on Wednesday.

Shares in steel and iron ore producer CAP CAP.SN fell 6.7 percent to 8,050 pesos after losing 6.8 percent on Wednesday.

Bourse heavyweight, industrial conglomerate Copec COP.SN, fell 2.88 percent to 5,739 pesos a share.

The peso CLP=CL CHILJ peso closed 0.28 percent weaker at 632.30/632.80 per dollar, compared with Wednesday's close at 630.50/631.00.

"All of the markets are negative and copper prices fell again, so most investors are running out to buy the dollars they sold in the last two sessions," said one currency trader.

The peso gained more than 7 percent in the prior three sessions, but has depreciated around 20 percent versus the dollar year-to-date.

Declines in stock markets, emerging currencies and commodities are seen as indicators of investor risk tolerance and are usually accompanied by a rise in demand for dollars. (Editing by Dan Grebler)