*

Chinese banks sell dollars to cushion yuan's drop

*

Ukraine's dollar sovereign bonds rally

*

Mexican peso slumps to two-year low

*

Equities in India, Turkey jump as oil prices drop

*

MSCI EM stocks, FX index lose 0.6% each

(Adds graphic, amends text to reflect Trump win)

By Johann M Cherian

Nov 6 (Reuters) - Emerging market currencies and stocks

suffered broad losses on Wednesday after a U.S. election win by

Republican Donald Trump sent the dollar sharply higher and

raised the spectre of fresh trade barriers.

MSCI's index tracking currencies in major developing markets

was on track for its biggest one-day drop since

February 2023, down 0.6%, as the dollar strengthened over 1.4%

and U.S. Treasury yields spiked.

A gauge for emerging market stocks also lost 0.6%,

and was close to a one-month low.

Trump recaptured the White House, securing more than the 270

Electoral College votes needed to win the presidency, Edison

Research projected on Wednesday, defeating Vice President Kamala

Harris.

Shaniel Ramjee, co-head of multi asset at Pictet Asset

Management, said some high-beta currencies like the Mexican peso

were reacting negatively to the likelihood of tariffs, with the

Republicans also winning control of the Senate.

A Republican Senate would mean less resistance to Trump's

fiscal plans, which analysts say could stoke inflation, keep the

dollar elevated and pressure inflows into emerging markets.

Mexico's peso weakened 2.6% to touch a more than two

year low, trading last at 20.6 to the dollar. The Latin American

country could face trade and immigration barriers, as Trump has

threatened a 200% surcharge on auto exports to the United

States.

Expectations that Trump could impose tariffs of 60% or more

on goods from China, sent domestic Chinese stocks

lower, while Hong Kong's Hang Seng index slid

2.2%.

The yuan weakened 1.1% - its biggest one-day drop

since Oct 2022, amid reports that lenders were selling dollars

to cushion the yuan's decline.

Ukraine's hryvnia strengthened 2% and

international sovereign bonds gained with some traders betting

that a Trump presidency could mean a quicker end to the

Ukraine-Russia war.

India's rupee hit a record low and South Africa

declined 1.3%, while Turkey's lira firmed

0.2%.

Equity indexes in India added over 1%,

while Turkish stocks jumped about 2.8%, as prices of

crude oil - a key resource for the net importers - dropped over

1%.

In central and eastern Europe, Hungary's forint

led declines with a 0.8% drop against the euro to mark a fresh

22-month low, while Poland's zloty weakened 0.3% ahead

of a central bank interest rate decision later in the day.

Israel's shekel firmed 0.4%. Trump's stance on

sanctions is perceived as detrimental to the country's arch

rival Iran, along with others such as Lebanon, Iraq, and Yemen.