Mexico stocks edge up, set for 3% loss in 2011

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SAN FRANCISCO (MarketWatch) -- Mexican equities edged higher Friday in light trading, with the benchmark index headed for a second-straight session of gains but still poised for a year-on-year loss of around 3%. Mexico's IPC was last up 0.5% at 37,356, down 3.1% year to date. Chile's IPSA equity index tacked on 0.1% to 4,178, trading over 15% lower year to date. Brazil's stock market was closed Friday. Brazil's benchmark Ibovespa ended trading on Thursday with a year-on-year loss of 18%. Trading in Argentina was also shut, with Argentina's Merval suffering a 30% loss for the year.
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