EMERGING MARKETS-Colombian stocks slip after earthquake; LatAm assets muted
EEM•Colombian markets slip after earthquake
Colombian equities slipped after a major earthquake on Monday killed at least 20 people and caused widespread damage, while Latin American assets were muted on worries about the prolonged conflict in the Middle East.
Colombia's COLCAP .COLCAP stock index fell 0.51% and several dollar-denominated bonds traded lower. The peso COP=, however, rose 1.09% against a stronger dollar and was one of the biggest gainers among regional currencies.
The earthquake comes at a delicate time for the country, which is entering a new phase under right-wing President Abelardo De La Espriella.
De La Espriella, sworn in on Friday, pledged a fight against drug trafficking as well as austerity measures to restore confidence in the economy.
President Donald Trump's administration is also planning to provide $1 billion in security assistance to De La Espriella's government, the U.S. State Department said.
