EMERGING MARKETS-Brazil stocks set record high as reform hopes linger

(Updates with Mexico markets, closing prices) By Bruno Federowski SAO PAULO, Sept 15 (Reuters) - Brazilian stocks touched a new all-time high on Friday as traders remained confident that embattled President Michel Temer will implement market-friendly reforms despite new corruption charges leveled against him.

Temer on Thursday was charged with obstruction of justice and racketeering, the second set of accusations against him in as many months. In a statement, he strongly rejected all allegations of wrongdoing.

Still, traders expect lawmakers to clear him of the charges, just as they did in August, paving the way for the approval of austerity measures such as a reform of the social security system that is seen as key to boost long-term economic growth.

"The new charges were widely expected and are unlikely to prosper," Correparti brokerage trader Jefferson Rugik said.

That conviction has fueled a rally in Brazilian markets in recent weeks that drove the benchmark Bovespa index past the psychological 75,000-point milestone and beyond for the first time ever. It settled up 1.47 percent at 75,756.51.

Blue-chip shares and state-owned companies, such as Centrais Elétricas Brasileiras SA, a state private utility that the government intends to sell off, have led the advance.

Shares of power utility Cia Energética de São Paulo SA , however, slid a day after the São Paulo state government suspended its privatization and closed down by nearly 5 percent.

The Brazilian real seesawed while Latin American currencies were mostly rangebound. The Chilean peso weakened 0.16 percent as traders unwound bullish bets on the currency ahead of local holidays next Monday and Tuesday.

Mexico's S&P/BMV IPC share index dipped to its lowest level in over two months, ending below 50,000 points ahead of Independence Day celebrations on Saturday.

Key Latin American stock indexes and currencies at 2130 GMT: Stock indexes Latest Daily YTD pct pct change change MSCI Emerging Markets 1,102.16 0.21 27.82 MSCI LatAm 2,987.90 1.0 27.65 Brazil Bovespa 75,756.51 1.47 25.78 Mexico S&P/BVM IPC 49,909.30 -0.37 9.37 Chile IPSA 5,202.05 0.81 25.31 Chile IGPA 25,973.23 0.73 25.27 Argentina MerVal 23,634.73 -0.28 40.18 Colombia IGBC 11,148.77 -0.05 10.18 Venezuela IBC 397,110.88 2.87 1153.65 Currencies Latest Daily YTD pct pct change change Brazil real 3.1147 0.03 4.32 Mexico peso 17.6605 -0.02 17.46 Chile peso 625.2 -0.16 7.28 Colombia peso 2,897 0.10 3.61 Peru sol 3.250 -0.37 5.05 Argentina peso (interbank) 16.9700 0.12 -6.45 Argentina peso (parallel) 17.79 0.11 -5.45 (Additional reporting by Miguel Angel Gutierrez, editing by G Crosse)