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MARKETS A.LATINA-Currencies close mixed and stock markets rise due to less risk aversion

File photo of the emblem of the Santiago Stock Exchange, Chile, September 2017. REUTERS / Ivan Alvarado File photo of the emblem of the Santiago Stock Exchange, Chile, September 2017. REUTERS / Ivan Alvarado

By Froilan Romero

SANTIAGO, Nov 16 (.) – Most currencies in Latin America closed higher on Monday, while stocks generally showed gains amid lower aversion to risky assets following positive economic data in China and Japan, in addition to renewed expectations of a vaccine against COVID-19.

* China’s industrial production grew faster than expected in October, while retail sales continued to recover, albeit less than expected, as the world’s second-largest economy took off again after the impact of the pandemic.

* Meanwhile, Moderna Inc said on Monday that its experimental vaccine was 94.5% effective in preventing COVID-19, according to provisional data from its clinical trial, becoming the second US firm in a week to report optimistic results.

* The Brazilian real appreciated 0.65% to 5.44 per dollar, while the Bovespa equity index climbed 1.7% to 106,502 points, its highest close since March.

* In Argentina, the peso fell 0.28%, to 79.97 per dollar in depreciation regulated by the Central Bank, while the Merval index of the Buenos Aires Stock Exchange gained 2.38%, to 51,084.91 points.

* The Chilean peso reversed losses in the first hour and closed with a marginal increase of 0.12% at 766.20 / 766.50 units per dollar. Meanwhile, the main index of the Santiago Stock Exchange, the IPSA, climbed 1.02%, to 4,046.30 units.

* The Peruvian sol closed 0.63% lower, to a record low of 3,663 / 3,667 units per dollar, amid the political uncertainty affecting the country.

* Meanwhile, the benchmark on the stock market rose 1.15% to 485.27 units.

* The Mexican and Colombian markets were closed on Monday due to local holidays.

(Report by Froilán Romero. Additional report by Jorge Otaola and Hernán Nessi in Buenos Aires. Edited by Fabián Cambero)