Latam assets shaky

Latin American stocks and currencies slipped on Tuesday, after Apple Inc's sales warning stoked worries of how the coronavirus outbreak in China could affect companies and global supply chains. The world's most valuable technology company said it will miss its March quarter sales guidance as the fast-spreading outbreak in China disrupted supply chains.

A basket of Latin American equities fell 1%, to its lowest level in one-week with Brazilian stocks leading declines. Most major currencies in the region traded in the red, with Brazil's real weakening for the second straight session and MSCI's index for Latin American currencies falling 0.5%.

Chile's peso weakened to its lowest level in three weeks as prices of copper, the country's main export, fell on fears that low demand from China could cause a supply glut. Colombia's peso also eased against the dollar as prices of oil fell more than 2% on demand worries and a lack of further action by OPEC and its allies to support the market.