Wednesday, December 28, 2016

EMERGING MARKETS-Latam stocks rise on higher commodity prices

By Bruno Federowski

SAO PAULO, Dec 28 (Reuters) - Latin American stocks rose on

Wednesday as prices of iron ore soared and crude hit its highest

in the year, supporting demand for assets from commodity-heavy

economies.

Chinese steel rebar and iron ore prices jumped nearly 3

percent following a weeks-long selloff, supporting shares of

miners and steelmakers.

Shares in Vale SA were the biggest gainers in

Brazil's benchmark Bovespa stock index, while stocks in

Gerdau SA extended gains f

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