(Updated at 10:45 a.m. ET/ 1445 GMT)

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Mexico's America Movil up after Q3 profit triples

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Chile rate decision on Thursday

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Latam stocks down 0.4%, FX off 0.7%

By Shashwat Chauhan

Oct 16 (Reuters) - Most Latin American currencies

extended losses on Wednesday, as the prices fell of iron ore and

oil, among the regions' biggest exports, and the market focused

on economic data and geopolitics.

Mexico's peso slipped 0.9% in early trading, having

fallen more than 3% this week, while Colombia's peso

eased 0.4%, touching a one-month low.

Crude oil prices slipped in choppy trading, while iron ore

fell on the prospect of weakening global demand.

Uncertainty over the magnitude of stimulus from leading

commodities consumer China has added to expectations of reduced

demand.

Brazil's real shed 0.4% after falling 1% in the last

session, briefly spiking to a more than two-month low earlier in

the session.

The world's biggest copper producer Chile's peso was

flat at 941.4 per dollar, while Peru's sol eased 0.1%

against the greenback.

Prices of the metal rebounded after the market stabilised at

a technical support level.

Later in the week, Chile's central bank is expected to lower

its benchmark interest rate by 25 basis points to 5.25%.

Latin American currencies have come under pressure as rising

expectations of smaller rate cuts by the Federal Reserve,

faltering expectations around Chinese stimulus and geopolitical

tension have made investors risk averse.

On Thursday, U.S. retail sales reading and jobless claims

data could set the tone for market expectations around the Fed's

rate path.

Nervousness ahead of the U.S. presidential election next

month also led to wariness.

"The risk appetite remains low as the results can be binary,

especially for some EM jurisdictions," analysts at Citi wrote in

a note.

On Tuesday, Republican candidate Donald Trump defended his

protectionist trade policies and other fiscal proposals.

The threat of tariffs could be damaging for trade partners

such as Mexico.

MSCI's gauge for Latin American currencies

fell 0.7%, while stocks was down 0.4%.

Mexican telecommunications giant America Movil

rose more than 2% after it more than tripled its net profit in

the third quarter from a year ago, in part because a weaker peso

boosted its foreign earnings and also because financing costs

fell.

In other emerging markets, Namibia's central bank cut its

main interest rate for the second meeting in a row to 7.25%,

saying inflation had fallen surprisingly quickly and the economy

needed more support.

Key Latin American stock indexes and currencies:

Equities Latest Daily % change

MSCI Emerging Markets 1143.8 -0.52

MSCI LatAm 2181.31 -0.37

Brazil Bovespa 130929.19 -0.09

Mexico IPC 52497.21 0.23

Chile IPSA 6578.4 0.3

Argentina Merval 1832721.1 0.907

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Colombia COLCAP 1331.36 0.19

Currencies Latest Daily % change

Brazil real 5.6717 -0.38

Mexico peso 19.8561 -0.87

Chile peso 941.41 0.11

Colombia peso 4261.54 -0.37

Peru sol 3.769 -0.13

Argentina peso 980.5 -0.05

(interbank)

Argentina peso (parallel) 1205 2.49