By Bruno Federowski BRASILIA, June 25 (Reuters) - Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.
A U.S. government official on Sunday said the Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology." Separately, a report by the Wall Street Journal said the U.S. Commerce Department and National Security Council were proposing "enhanced" export controls to keep such technologies from being shipped to China.
Concerns over escalating global trade tensions have hammered high-risk, emerging-market assets in recent weeks.
The Brazilian real was nearly flat as the best-performing currency in the region, after the central bank announced it would continue to intervene in currency markets by selling currency swaps, which function like sales of dollars for future delivery. It did not disclose how many swaps it expected to sell, as it had done in previous weeks.
The benchmark Bovespa stock index was, however, down 0.8 percent, tracking wider weakness among emerging-market stocks. Blue-chip stocks, such as miner Vale SA and lender Itaú Unibanco Holding SA, led the decline.
Key Latin American stock indexes and currencies at 1500 GMT: Stock indexes daily % YTD % Latest change change MSCI Emerging Markets 1070.66 -1.59 -6.08 MSCI LatAm 2420.11 -0.8 -13.74 Brazil Bovespa 69950.41 -0.98 -8.44 Mexico IPC 46654.63 -0.18 -5.47 Chile IPSA 5356.59 -0.34 -3.74 Chile IGPA 27152.66 -0.29 -2.96 Argentina MerVal 29234.69 -3.23 -2.76 Colombia IGBC 12052.20 0.27 5.99 Currencies daily % YTD % change change Latest Brazil real 3.7797 0.06 -12.34 Mexico peso 20.0860 -0.43 -1.93 Chile peso 639 -0.41 -3.81 Colombia peso 2934.61 -0.70 1.61 Peru sol 3.274 -0.15 -1.13 Argentina peso (interbank) 26.9000 0.52 -30.86 Argentina peso (parallel) 27.9 0.36 -31.08 (Reporting by Bruno Federowski)