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EM FX flat; stocks down 0.19%

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Brazil's Lula underwent surgery; stable

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CEE countries report CPI figures

By Pranav Kashyap

Dec 10 (Reuters) - Most emerging market currencies

slipped on Tuesday, as investors navigated a wave of regional

economic data, while stocks fell as markets awaited further

insights from China.

The Russian rouble slipped 0.5% against the U.S.

dollar. Data showed China's exports to the country dropped for

first time in four months.

As of 0947 GMT, the MSCI EM equities index slipped

0.19%, and was poised to snap its longest winning streak in more

than two months.

In Asia, China's exports slowed sharply and imports

unexpectedly shrank in November, in a worrying sign for the

world's No. 2 economy.

Its stock indexes pared some gains, with the CSI300 index

closing up 0.7%, after having rallied 3.2%, while the

Shanghai Composite index closed 0.6% higher after

gaining as much as 1.6%.

"Expectations of some more detailed Chinese policy measures

this week can probably prove slightly supportive for the Rest of

World currencies," said Chris Turner, global head of markets at

ING.

Meanwhile, The Turkish lira edged 0.1% lower after

the country's industrial production fell by 0.9% month-on-month

in October, while its unemployment rate edged up to 8.8% in the

same month.

Romania's leu last traded flat against the euro.

Data showed its foreign trade deficit widened by 17.2% on the

year to 27.212 billion euros in the January-October period.

Hungary's forint also traded in a tight range with

the euro and was last up 0.2%. The country's headline inflation

rose to 3.7% in November, compared with expectations of a 3.8%

increase.

"Yesterday's signs of calm in the Hungarian market could

indicate a broader rally in the country's assets," said

Frantisek Taborsky, EMEA FX & FI strategist at ING.

"We believe the currency has put the worst behind it," he

said.

The Czech koruna also traded flat, after its

consumer prices came in at 2.8% in November, compared with

analysts' expectations of a 3% increase.

In Africa, the World Bank downgraded Kenya's economic growth

estimate for this year to 4.7%, from an initial 5%, citing the

impact of floods, anti-government protests and flailing fiscal

consolidation efforts. The shilling was flat.

Egypt's inflation dipped to a near two-year low of 25.5% in

November, data showed.

The South African rand fell 0.5% to the dollar. Data

showed October's mining output rose 1.4%, while its business

confidence saw its biggest year-on-year improvement in almost

two years in November.

In Latin America, Brazilian President Luiz Inacio Lula da

Silva underwent surgery in Sao Paulo to drain a bleed on his

brain linked to a fall at home in October. He is currently

stable in the intensive care unit.

India's rupee hit a record-low and was last seen

trading flat after a suspected intervention by the Reserve Bank

of India.

Late on Monday, Sanjay Malhotra was appointed as the central

bank's governor in a surprise move that left markets guessing

about the future direction of monetary policy.

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see