EMERGING MARKETS-Latam currencies outperform EM peers; stocks down with global selloff

* China's anti-lockdown protests shake stocks and oil * Chile's Escondida mine workers accept BHP's offer * Credit default ratio in Brazil hits highest in about 4 years (Updates prices) By Bansari Mayur Kamdar Nov 28 (Reuters) - Latin American currencies outperformed their emerging market peers on Monday, while stocks in the commodity-heavy region slipped with a global sell-off in global markets spurred by concerns about growth in China as investors focused on protests there. The U.S. dollar index swung between gains and losses and was last up 0.3%. MSCI's index of Latin American currencies edged 0.1% up against the dollar while an index of all emerging-market currencies dropped 0.4%. Protests against strict COVID-19 curbs in the world's second-largest economy pushed the U.S. benchmark S&P 500 down 1.6%. A LatAm stocks index dipped 0.5% while emerging market stocks overall declined 1.1%. "...People are struggling to think about, first of all, what's happening in China with these protests, how the government is going to respond and how that's going to feed into global trade and global growth," said Rachel Ziemba, founder of Ziemba Insights. "But, compared to other markets, for example oil that has fallen quite sizably, the currency markets are still sort of looking for a direction." The Brazilian real added 0.8%, leading gains among regional currencies. President-elect Luiz Inacio Lula da Silva is expected to announce his economic team in the coming days, a close aide said, as speculation grows about who will be the country's next finance minister. Uncertainty about Lula's cabinet picks and fiscal policy rattled Brazilian assets this month, with the currency shedding 3.5%. A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed, amid high borrowing costs and aggressive monetary tightening. Mexico's peso rose 0.2%. The country posted a $986 million trade deficit in October in seasonally adjusted terms. Colombia is preparing to carry out a debt swap for global bonds in dollars due in 2033, in exchange for bonds due to mature in 2023 and 2024. Its currency peso rose 0.6% against the dollar. Currencies of copper producers Chile and Peru gained 1.1% and 0.4%, respectively, against the dollar. Workers at Chile's Escondida mine accepted a new offer from BHP and will not move forward with a strike that had been planned for Monday and Wednesday, their union said Monday. Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States. Key Latin American stock indexes and currencies at 2010 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 930.52 -1.11 MSCI LatAm 2148.60 -0.51 Brazil Bovespa 108736.34 -0.22 Mexico IPC 51291.61 -0.73 Chile IPSA 5207.64 -0.8 Argentina MerVal 163384.85 -0.203 Colombia COLCAP 1240.71 -2.02 Currencies Latest Daily % change Brazil real 5.3655 -0.03 Mexico peso 19.2966 0.17 Chile peso 912.5 1.01 Colombia peso 4830.64 0.64 Peru sol 3.8323 0.34 Argentina peso (interbank) 166.6000 -0.61 Argentina peso (parallel) 314 1.91 (Reporting by Bansari Mayur Kamdar and Devik Jain in Bengaluru; Editing by Jonathan Oatis and Cynthia Osterman)