Chile peso falls early, tracks global market losses

SANTIAGO, Dec 3 (Reuters) - Chile's peso fell in early Wednesday trade, approaching five year lows as it tracked losses on global stock markets, traders said.

Chile's peso CHILJCLP=CL was down 1.18 percent at 678.50/679.00 per dollar in early trade, compared to Tuesday's close at 670.50/671.00. The peso hit a five-year low of 682.50/683.00 per dollar on Nov. 21.

Emerging currencies and commodities have taken a beating as global investors have shed volatile assets in favor of safer government bonds amid a prolonged financial crisis. (Reporting by Froilan Romero; Editing by Tom Hals)