* Mexican peso falls for first time in four sessions * Stock markets closed in Brazil, Chile, Colombia & Argentina * Chilean, Colombian pesos muted in light trading (Updates prices throughout) By Shreyashi Sanyal Oct 12 (Reuters) - Mexico"s peso fell on Monday after data pointed to slowing industrial recovery in the country, while other Latin American currencies were subdued in light trading as major markets in the region were shut. The peso fell for the first time in four sessions, sliding 0.5% as industrial output rose 3.3% in August, less than half of July"s figure, in Latin America"s second largest economy, according to the national statistics agency. Mexican industry expanded less in August than in previous months as the country"s recovery from a coronavirus shutdown slows. The government unveiled a fiscal package last week of about $14 billion, which was seen as the first concrete sign of a renewed readiness by corporate bosses to invest under President Andres Manuel Lopez Obrador. Mexico"s currency has benefited in the recent months from a steady economic rebound in its main trading partner, the United States. The peso is also expected to be sensitive to November"s U.S. presidential vote. Analysts say a victory for Democrat Joe Biden could bode well for emerging markets. "A Biden presidency will likely be seen as a favorable outcome given a less confrontational approach on tariffs, with the primary beneficiaries like the Chinese yuan, Mexican peso and South African rand," said FX strategists at J.P. Morgan. "A Biden presidency with a split Congress is likely to be considered the most positive outcome." Mexican equities fell after the main stock exchange suspended operations before midday on Friday due to what it said was an outage in the system used to process trading orders. Shares of Grupo Aeromexico rose 7.5% to their highest level in six weeks after news that the airline had received definitive approval for a financing plan as it works through bankruptcy proceedings in a U.S. court. The Chilean peso fell 0.2%, while Colombia"s peso was flat against the dollar. An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about $44 billion owed by the cash-strapped government to the fund, a government source said. Stock markets in Brazil, Chile, Colombia and Argentina were closed on Monday, due to public holidays in the regions. FX markets in Brazil and Argentina were shut. Key Latin American stock indexes and currencies 2030 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1137.17 1.31 MSCI LatAm 1919.34 -0.23 Brazil Bovespa - - Mexico IPC 38292.43 -0.48 Chile IPSA - - Argentina MerVal - - Colombia COLCAP - - Currencies Latest Daily % change Brazil real - - Mexico peso 21.1720 -0.15 Chile peso 797.5 0.00 Colombia peso 3823.5 0.00 Peru sol - - Argentina peso (interbank) - - Argentina peso (parallel) - - (Reporting by Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy and Sonya Hepinstall)