Latin American currencies and stocks gained on Monday, with Chile's peso hitting a near one-week high on a boost from copper prices amid growing hopes of an economic stimulus from top metals consumer China. Expectations of economic support firmed after China's factory activity growth slowed in June, adding to evidence that the world's No. 2 economy lost momentum in the second quarter. Top copper producer Chile's peso CLP= gained 0.5% on higher prices of the red metal. Meanwhile, data showed a close proxy of Chile's gross domestic product dropped 2% in May. Brazil's real BRL=, BRBY= reversed early gains to fall 0.4.% ... (full story)