EMERGING MARKETS-Latam FX, stocks stage rebound following previous session's mauling

* Chilean peso leads gains, Peru's sol lags * January Argentina inflation data awaited * Markets in Brazil to open later * FX up 0.3%, stocks add 0.5% By Shashwat Chauhan Feb 14 (Reuters) - Most Latin American stocks and currencies recouped some losses on Wednesday, following sharp losses in the previous session when a hot U.S. inflation number had tempered market expectations around early interest rate cuts. By 10:15 a.m. ET (1515 GMT), MSCI's gauge for Latin American currencies gained 0.3% after falling around 0.25% in the previous session. The dollar index lost steam on Wednesday following the previous session's gains when data had showed U.S. consumer prices rose more than expected in January amid a surge in the cost of rental housing. The unexpected rise in inflation forced traders to scale back their optimism around the timing of interest rate cuts from the Fed, with bets now showing a near 80% chance of a cut in June, according to CME's FedWatch tool. Leading the rebound was the Mexican peso, which added 0.4% against the dollar after touching over one-week lows in the previous session. Elevated crude oil prices helped exporter Colombia's peso gain 0.3%. Colombia's currency had fallen as much as 0.4% in the previous session. Separately, official data showed Colombia's imports fell 8.13% in December, while December retail sales fell by 4.7%. The Peruvian sol was an outlier, down 0.3%, on track to take its losses to a third straight session. Peruvian President Dina Boluarte named replacements on Tuesday for four key members of her cabinet, including a new economy chief as well as a new energy and mining minister, with both set to face a fragile economy that last year dipped into recession. "We believe that the appointment of Mr. Arista as a Finance Minister, who not only espouses business-friendly views but also has some political influence of his own to steer the government's agenda in congress, may be perceived as a market-positive event," Santiago Tellez, an economist at Goldman Sachs, wrote in a note. The currency of the world's biggest copper produce Chile , which was supported by higher copper prices in the previous session, rose as much as 1.2% to 957.03 against the dollar. Mexican stocks rose 0.5% in early trade after falling nearly 1% on Tuesday, while shares in Chile advanced 0.7%. Investors were on the lookout for quarterly results from retailer Walmex, which is majority owned by U.S. retailing giant Walmart, due to report after markets close on Wednesday. A broader gauge of EM stocks advanced 0.5% after losing 0.7% on Tuesday. Argentina stocks gained 0.1% as traders returned from a long weekend holiday. Focus would remain on a reading of January consumer prices in the embattled nation due later in the day. Markets in South America's largest economy Brazil, which have been shut for the last two days for a public holiday, will resume operations in a delayed start later in the day. Highlights ** Indonesia's Prabowo claims victory in presidential election ** Two Hungarian rate setters backed 100 bp cut in January Key Latin American stock indexes and currencies: Latest Daily % change MSCI Emerging 998.40 0.16 Markets MSCI LatAm 2537.12 0.49 Brazil Bovespa - - Mexico IPC 57211.43 0.53 Chile IPSA 6064.77 0.67 Argentina MerVal 1131735.4 0.286 1 Colombia COLCAP 1241.50 0.46 Currencies Latest Daily % change Brazil real 4.9536 0.11 Mexico peso 17.1093 0.38 Chile peso 957.3 1.22 Colombia peso 3913.75 0.28 Peru sol 3.8724 -0.31 Argentina peso 833.9000 -0.30 (interbank) Argentina peso 1115 2.69 (parallel) (Reporting by Shashwat Chauhan in Bengaluru; Editing by Andrea Ricci)