EMERGING MARKETS-Brazil's real sinks 2% on political tensions; Mexican budget awaited - NewsBreak

* Brazil stocks slump * Chile's inflation rise strengthens rate hike bets * Mexican Congress to get proposed draft budget on Wednesday * Lawmakers pass Colombia's tax reform bill (Updates prices) By Susan Mathew Sept 8 (Reuters) - Brazil's real currency and stocks sank more than 2% on Wednesday on heightening political tensions ahead of elections next year, while the Chilean peso dropped 1% as copper prices fell. Brazilian President Jair Bolsonaro slammed the country's Supreme Court and cast doubt on the integrity of next year's elections on Tuesday as his supporters rallied in major cities. Bolsonaro's popularity has dropped sharply over his handling of the coronavirus outbreak in the South American nation and allegations of corruption. Analysts worry about the impact to already stretched fiscal spending as the right-wing president tries to regain popularity. "It's important to monitor potential repercussions/offside effects from these events, especially those that can affect the econ