* LatAm stocks up on risk appetite, Chinese data

* Brazil's real currency down on measures concern

* Mexican peso up on rising risk appetite, dollar weakness

* Emerging bonds flat as U.S. fixed income mkt closed

By Manuela Badawy

NEW YORK, Nov 11 (Reuters) - Latin American stocks and
currencies were mixed on Wednesday on the back of strong
Chinese economic data, and on concerns Brazil would impose
further measures in the real foreign exchange market.

A jump in Chinese factory output to a 19-month high in
October spurred appetite for riskier emerging markets assets
and reinforced optimism about the global economic recovery.

China, the world's third largest economy and a voracious
commodities consumer, is widely considered a driver in a global
economic recovery. [ID:nPEK212006]

Latin American stocks gained 0.05 percent on the MSCI Latin
American stock index .MILA00000PUS, with Brazil's Bovespa
index .BVSP rising 0.19 percent and Mexico's IPC index .MXX
surging 1 percent.

"We continue to see very strong fundamental developments as
the outlook for real economic activity in the region for 2010
continues to improve," said Alexander Kazan, vice president of
Latin American securities at Auerbach-Grayson, an international
brokerage firm in New York.

"We are seeing in the third-quarter earnings results that
for the most part, companies are starting to see positive
effects from this bottoming and fairly strong recovery in
economic activity throughout the region."

A rise in Chinese industrial production bodes well for
Latin American countries which mostly are major exporters of
raw materials and other commodities to the Asian country.

CURRENCIES MIXED

Brazil's currency, the real (BRBY: Quote, Profile, Research), weakened 0.29 percent
to 1.722 per dollar as investors raised concerns over further
measures in the foreign exchange market to curtail the strength
of the real.

"As we move through the 1.70 level on the real exchange
rate we continue to see some nervousness that the government
may come out and announce some measure intended to address
that," Kazan said.

On Tuesday Brazil's finance minister, Guido Mantega, said
the real has become overvalued as foreign inflows have poured
dollars into Brazil. [ID:nN10303818]

In October, Brazil instituted a 2 percent tax on inflows
into stocks and fixed-income investments. The real weakened 2.1
percent on the day the tax was instituted, but firmed the next
day.

Meanwhile, the Mexican peso MEX01MXN= rose 0.21 percent
to 13.158 per dollar benefiting from rising risk appetite and a
drop in the dollar, which hit a 15-month low against major
currencies on the view that U.S. interest rates will remain low
well into next year.

U.S. bond markets did not operate in observance of Veterans
Day, bringing muted trading environment in emerging markets.

(Reporting by Manuela Badawy; Editing by Diane Craft)