* Peruvian sol rises after positive economic data * Risk of more populist near-term policies in Argentina - GS * Brazil, Mexican markets shut for local holidays (Adds details, updates prices throughout) By Susan Mathew Nov 15 (Reuters) - Argentine assets continued with their jittery session on Monday as the ruling center-left Peronists suffered a defeat in mid-term elections, while Peru"s sol firmed after data showed its economy growing at a faster-than-expected pace. Argentina"s ruling Peronist party was reeling on Sunday after a midterm vote that saw its center-left coalition lose its majority in Congress for the first time in almost 40 years and taste defeat in its stronghold province of Buenos Aires. The heavily controlled peso fell about 0.1% to 100.31 per dollar while a move in the informal peso exchange rate was awaited. Argentina"s country risk fell a significant 21 basis points. "The market is likely to take a net positive view of the election results. A more market-friendly composition of Congress could lead to more effective checks and balances and ultimately a policy regime shift in 2023," said Alberto Ramos, an analyst at Goldman Sachs. "But there is also the risk of more populist near-term policies." Citi strategists said they remain overweight on Argentina credit on potential political change and valuations. "We think that bonds have found a bottom in price and risk reward look attractive." Several markets in Latin America, including Brazil and Mexico were closed for local holidays on Monday. Peru"s sol firmed 0.6% after data from the government showed its economy grew 9.71% year-on-year in September, slightly above a recent central bank projection, but its slowest pace of expansion since March as it recovers from the COVID-19 pandemic. Chile"s peso steadied by afternoon trading after falling around 0.3% earlier in the session. Ahead of elections on Nov. 21, conservative Chilean presidential candidate Jose Antonio Kast said that he does not feel like a "far-right" politician, as he has been called in the press, but rather a candidate "of common sense." Polls showing him neck-and-neck with his left-wing rival Gabriel Boric. Market"s generally favor right-wingers as they are typically business friendly. Key Latin American stock indexes and currencies at 1935 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1286.00 0.04 MSCI LatAm 2177.88 -0.75 Brazil Bovespa - - Mexico IPC - - Chile IPSA 4382.01 -2.31 Argentina MerVal 92409.33 -2.69 Colombia COLCAP 1356.48 -0.69 Currencies Latest Daily % change Brazil real 5.4562 0.00 Mexico peso 20.6119 -0.49 Chile peso 798.7 0.24 Colombia peso 3882.33 -0.05 Peru sol 3.9806 0.63 Argentina peso (interbank) 100.2700 -0.04 Argentina peso (parallel) 196.5 1.78 (Reporting by Susan Mathew and Shreyashi Sanyal in Bengaluru; Editing by Andrea Ricci)