News: BHP EMERGING MARKETS-Latam currencies outperform EM peers; stocks down with global selloff

	  China's anti-lockdown protests shake stocks and oil  

	  Chile's Escondida mine workers accept BHP's offer  

	  Credit default ratio in Brazil hits highest in about 4 

years

(Updates prices)

Latin American currencies outperformed their emerging market peers on Monday, while stocks in the commodity-heavy region slipped with a global

sell-off in global markets

spurred by concerns about growth in China as investors focused on protests there.

The U.S. dollar index =USD swung between gains and losses and was last up 0.3%. MSCI's index of Latin American currencies .MILA00000CUS edged 0.1% up against the dollar while an index of all emerging-market currencies .MIEM00000CUS dropped 0.4%.

Protests against strict COVID-19 curbs in the world's second-largest economy pushed the U.S. benchmark S&P 500 .SPX down 1.6%. A LatAm stocks index .MILA00000PUS dipped 0.5% while emerging market stocks overall .MSCIEF declined 1.1%.

"...People are struggling to think about, first of all, what's happening in China with these protests, how the government is going to respond and how that's going to feed into global trade and global growth," said Rachel Ziemba, founder of Ziemba Insights.

"But, compared to other markets, for example oil that has fallen quite sizably, the currency markets are still sort of looking for a direction."

The Brazilian real BRL= added 0.8%, leading gains among regional currencies. President-elect Luiz Inacio Lula da Silva is expected to announce his economic team in the coming days, a close aide said, as speculation grows about who will be the country's next finance minister.

Uncertainty about Lula's cabinet picks and fiscal policy rattled Brazilian assets this month, with the currency shedding 3.5%.

A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed, amid high borrowing costs and aggressive monetary tightening.

Mexico's peso MXN= rose 0.2%. The country posted a $986 million trade deficit in October in seasonally adjusted terms.

Colombia is preparing to carry out a

debt swap for global bonds

in dollars due in 2033, in exchange for bonds due to mature in 2023 and 2024. Its currency peso COP= rose 0.6% against the dollar.

Currencies of copper producers Chile CLP= and Peru PEN= gained 1.1% and 0.4%, respectively, against the dollar.

Workers at Chile's Escondida mine accepted a new offer from BHP (BHP) and will not move forward with a strike that had been planned for Monday and Wednesday, their union said Monday.

Chevron Corp CVX.N on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.

Key Latin American stock indexes and currencies at 2010 GMT:

	 Stock indexes			   Latest	Daily % change 
 MSCI Emerging Markets			 930.52		   -1.11 
  .MSCIEF								   

 MSCI LatAm  .MILA00000PUS		2148.60		   -0.51 
											
 Brazil Bovespa  .BVSP		  108736.34		   -0.22 
 Mexico IPC  .MXX				51291.61		   -0.73 
 Chile IPSA  .SPIPSA			  5207.64			-0.8 
 Argentina MerVal  .MERV		163384.85		  -0.203 
 Colombia COLCAP  .COLCAP		 1240.71		   -2.02 
											
														  
		 Currencies			  Latest	Daily % change 
 Brazil real  BRBY				 5.3655		   -0.03 
 Mexico peso  MXN=D2			  19.2966			0.17 
 Chile peso  CLP=CL				 912.5			1.01 
 Colombia peso  COP=			  4830.64			0.64 
 Peru sol  PEN=PE				  3.8323			0.34 
 Argentina peso (interbank)	  166.6000		   -0.61 
  ARS=RASL								  

 Argentina peso (parallel)			314			1.91 
  ARSB=