Chile peso, stocks track global markets lower
SANTIAGO, Aug 10 (Reuters) - Chile's peso extended its slide on Monday, closing weaker against the dollar, while stocks ranging from iron ore producer CAP CAP.SN to brewer CCU (CCU.SN) tracked losses in global bourses, traders said.
The peso CLP=CL fell 0.77 percent to 547.00/547.30 per U.S. dollar compared with Friday's close of 542.80/543.30.
The peso has gained 17.18 percent against the dollar so far this year after slumping 22.3 percent in 2008.
Chile's blue-chip IPSA stock index .IPSA was down 0.22 percent to 3,273.9 points in low-volume trading, following profit-taking on Wall Street, ahead of a Federal Reserve Board meeting and earnings from top U.S. retailers.
The all-market index .IGPA was down 0.26 percent to 15,477.38 points.
"The market is following what's happening on global markets," said Felipe Marin, an analyst with CorpResearch. "There was some profit-taking along with a negative trend in global markets, so I would say that Chile will remain negative too."
On Wall Street, the Dow Jones industrial average .DJI was down 0.56 percent in afternoon trading to 9,317.10.
Highly traded shares of forestry and paper company CMPC CAR.SN fell 3.28 percent to 16,750 pesos after it reported lower-than-expected financial results in the second-quarter.
Integrated steel and iron ore producer CAP saw its shares down 0.40 percent to 13,490 pesos while brewer CCU fell 0.36 percent to 3,830 pesos.
The stock most traded in terms of value, Endesa END.SN, Chile's largest power generator in terms of installed capacity, was up 0.80 percent to 875.500 pesos a share.
(Reporting by Aaron Nelsen; Editing by Andrew Hay)
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