Mercados Emergentes – Preocupações da China pesam sobre os ganhos reais do Brasil

    * Real also pressured by anti-government protests
    * Brazilian stocks slump over 1%
    * Colombian peso extends gains post-rate hike 

    By Ambar Warrick
    Oct 4 (Reuters) - Brazil's real led losses across Latin
American currencies on Monday as regional units tracked a
broader decline in emerging markets on concerns over the Chinese
economy and rising Treasury yields. 
    The real sank 0.8% to 5.4137 against the dollar, with
political uncertainty also coming into play after
anti-government demonstrations broke out in major capitals over
the weekend. 
    Amid growing discontent with President Jair Bolsonaro's
administration, a potential change of government next year could
also result in sudden changes to fiscal policy. The government
is already struggling with stretched fiscal spending due to the
COVID-19 pandemic. 
    "The window to pass quality reforms that would contribute to
increased productivity and longer-term growth is closing,
leaving the government scrambling to find ways to finance its
re-election campaign," Wilson Ferrarezi, economist, Brazil
Research at TS Lombard, wrote in a note.
    A rise in U.S. Treasury yields weighed on most emerging
market assets, as the gap between risky and risk-free debt
    Mexico's peso sank 0.6% despite a slight uptick in
consumer confidence, while Chile's peso fell 0.3%.

    The U.S. dollar benefited from safe haven demand as reports
said China's second-largest property developer, Evergrande
, was considering a $5 billion asset sale to fund its
debt repayment.
    Evergrande's debt uncertainty, coupled with a slew of weak
Chinese economic data last month, has brewed concerns about
slowing economic growth in China, which in turn could spill over
to several emerging economies that are exposed to the country.
    Latin America, for instance, is a major exporter of raw
materials to China, and is likely to be impacted by a slowdown. 
    Colombia's peso rose 0.2%, extending gains into a
third session after an interest rate hike by the central bank
last week.
    The bank raised lending rates for the first time in a year
as it seeks to control inflation. Rate hikes have been a common
occurrence across the globe this year, with inflation rising on
high commodity prices and easy monetary policy. 
    Colombian stocks jumped 0.8% to an eight-month
    Brazilian stocks slipped more than 1%. 
    Key Latin American stock indexes and currencies:
                              Latest      Daily % change
 MSCI Emerging Markets         1239.08                 -0.6
 MSCI LatAm                    2238.84                -1.01
 Brazil Bovespa              111502.33                -1.24
 Mexico IPC                   51350.84                 0.57
 Chile IPSA                    4284.66                -0.97
 Argentina MerVal                    -                    -
 Colombia COLCAP               1382.58                  0.9 Currencies             Latest      Daily % change
 Brazil real                    5.4137                -0.83
 Mexico peso                   20.5514                -0.60
 Chile peso                      805.5                -0.31
 Colombia peso                 3781.15                 0.17
 Peru sol                        4.121                 0.08
 Argentina peso                98.8800                -0.08

 (Reporting by Ambar Warrick
Editing by Mark Heinrich)
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