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EMERGING MARKETS-IMF growth warnings weigh, China rallies

LONDON, Oct 9 (Reuters) - Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.

Chinese stocks

jumped 2 percent after a report in the China Daily said market regulators had promised to speed up approvals for quotas for foreigners investing in the country's markets.

The International Monetary Fund said on Monday the global economic slowdown was worsening as it cut its growth forecasts for the second time since April.

Emerging markets are still expected to grow four times as fast as advanced economies, but the IMF took a sharp knife to its estimates for India and Brazil, with the latter now seen growing slower than the United States this year.

China is the largest component of the MSCI emerging stocks index

, which was steady on the day. Emerging sovereign debt spreads widened by five basis points over U.S. Treasuries. The rand

rose 1.5 percent, recovering ground after hitting 3-1/2 year lows in the previous session due to strikes that have hit the mining, manufacturing and transport sectors.

South Africa's five-year credit default swaps rose 2 bps to 3-1/2 month highs of 165 bps, according to Markit, and have risen nearly 50 bps since August.

"Costs to insure five-year South African credit risk were seen rising during the last three months, while other countries in EEMEA enjoyed huge tightening," said analysts at SEB in a client note.

"The sell-off was caused by fears that labour unrest in the country is spreading from mining to other sectors as well."

Emerging European currencies were mostly steady. The Serbian dinar

approached three-month highs ahead of an expected rate rise.

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For GRAPHIC on MSCI emerging index performance 2012, see

For GRAPHIC on MSCI emerging Europe performance 2012, see

For GRAPHIC on MSCI frontier index performance 2012, see

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see

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(Reporting by Carolyn Cohn; Editing by John Stonestreet)

((carolyn.cohn@reuters.com)(Reuters Messaging carolyn.cohn.thomsonreuters.com@reuters.net)(+44 207 542 6320))

((Emerging Markets Prices from Reuters

Equities Latest Net Chg % Chg % Chg on year Morgan Stanley Emrg Mkt Indx

999.25 +1.32 +0.13 +9.04

Poland

2391.54 -9.45 -0.39 +11.52

Hungary

18941.37 -24.88 -0.13 +11.59

Romania

4785.60 -11.54 -0.24 +10.34

Russia

1495.99 +3.48 +0.23 +4.31

South Africa 0.00 +0.00 +0.00 -100.00 Turkey 67442.75 +7.38 +0.01 +31.55 China 2115.23 +40.81 +1.97 -3.83 India 18780.80 +71.82 +0.38 +21.52 Currencies Latest Prev Local Local close currency currency % change % change in 2012 Czech Rep 24.90 24.93 +0.14 +2.61 Poland 4.07 4.07 -0.12 +9.60 Hungary 284.15 283.30 -0.30 +10.72 Romania 4.56 4.57 +0.02 -5.34 Serbia 114.56 114.73 +0.15 -6.64 Russia 31.11 31.17 +0.19 +3.48

Kazakhstan

150.46 150.36 -0.07 -1.33 Ukraine 8.12 8.12 +0.00 -1.51

South Africa

8.77 8.89 +1.42 -7.99 Kenya 85.00 85.00 +0.00 -0.06 Israel 3.86 3.86 -0.01 -1.46 Turkey 1.81 1.81 -0.18 +3.97 China 6.29 6.29 -0.00 +0.10 India 52.67 52.54 -0.24 +0.66 Brazil 2.03 2.03 -0.08 -8.27 Mexico 12.80 12.80 -0.03 +8.96 Debt Index Strip Spd Chg %Rtn Index Sov'gn Debt EMBI+ 267 4 -0.26 693.73

Currency percent change calculated from the daily U.S.

close at 2130 GMT.)) Keywords: MARKETS EMERGING