* Brazil stocks outshine Latam equities
* Mexican, Colombian peso gain on higher oil prices
(Updates prices; adds quote, news items)
By Medha Singh and Agamoni Ghosh
Nov 21 (Reuters) - Most Latin American stocks slipped on
Thursday while currencies were mixed as clashing headlines
related to a trade deal between United States and China subdued
risk appetite.
Mexican stocks slipped 1% while equities in Chile
, Colombia, Argentina were all down
between 0.1% and 0.7%.
Worries that an initial trade deal between United States and
China could slide into next year, as well as political tensions
between the two sides because the U.S. Congress passed
legislation backing protesters in Hong Kong, soured the mood.
"These headlines are just all noise mostly," said Christian
Lawrence, senior market strategist at Rabobank who doesn't think
that a trade deal will come through this year.
However, a report suggesting the United States could delay
tariffs even if a deal was not reached by Dec. 15 kept losses in
check.
Bucking the trend, Brazilian stocks rose 0.7%
following a market holiday, lifted by shares of the heavyweight
Petrobras.
Magazine Luiza SA slipped marginally while and
Lojas Marisa SA rose about 3% after the Brazilian
retailers announced a partnership to sell smartphones and
financial services in roughly 300 stores of apparel retailer
Marisa.
Among currencies, the crude exporters Mexico and
Colombia's peso strengthened on the back of higher oil
prices after a report that OPEC and its allies were likely to
extend output cuts.
Brazil's real slipped 0.3%, in a tepid response to
President Jair Bolsonaro launching a new political party, the
Alliance for Brazil (APB), under the banner of fighting graft
and advancing Christian values.
The region's currency index has fallen about
5% since its October peak bogged down worries over drawn out
anti-government protests in Chile and an unsuccessful oil
auction in Brazil.
Credit Suisse strategists reiterated 'overweight'
recommendations for emerging market equities on Thursday, citing
that they have become very cheap with concerns over China's
slowdown, trade war and strengthening dollar.
Latin American stock indexes and currencies at 1530 GMT:
Stock Latest daily % change
indexes
MSCI Emerging Markets 1043.95 -0.77
MSCI LatAm 2665.51 0.14
Brazil Bovespa 106733.13 0.82
Mexico IPC 43198.91 -0.93
Chile IPSA 4754.36 -0.66
Argentina MerVal 33362.76 -0.175
Colombia COL 1590.62 -0.62
Currencies Latest daily % change
Brazil real 4.2069 -0.21
Mexico peso 19.4123 0.23
Chile peso 794.8 -0.62
Colombia peso 3416.9 0.71
Peru sol 3.372 0.30
Argentina peso (interbank) 59.7900 -0.10
(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by
Bernadette Baum and Grant McCool)
