EM ASIA FX-Asian units slip as trade rift moves awaited; Indian rupee falls most

* Yuan hits lowest level since Dec. 19 intra-day

* Indian rupee weakens 0.32 pct against the dollar

* Philippine peso is the biggest regional gainer

* Expect sentiment to remain 'jittery' - OCBC

(Adds text, updates prices)

By Aaron Saldanha

June 27 (Reuters) - Most Asian currencies edged down on

Wednesday as investors waited to see the next development in the

trade tussle involving the United States and China.

"At this stage, we may be reduced to headline watching with

regards to Asian currencies," OCBC's Terence Wu said in a

research note.

On Tuesday, U.S. President Donald Trump endorsed Treasury

Secretary Steven Mnuchin's measured approach to restricting

Chinese investments in U.S. technology companies, saying a

strengthened merger security review committee could protect

sensitive American technologies.

"Overnight, Trump appeared to be less confrontational

regarding Chinese investment restrictions, and this may provide

some temporary reprieve for Asian currencies," Wu said.

"Nevertheless, expect sentiments to remain jittery ahead of

the (U.S. government) report on Chinese investments due Friday,

and the 6 July deadline for tariff imposition."

Among regional currencies, the Chinese yuan was

among Wednesday's biggest losers, touching its weakest against

the dollar since Dec. 19 during the session.

The Chinese central bank had set the yuan's official

midpoint weaker for a sixth straight session.

The South Korean won and the similarly

export-oriented Taiwan dollar dipped 0.28 percent and

0.12 percent, respectively.

The Indian rupee lost the most for the day by

falling 0.34 percent. India has been plagued by inflation

concerns with rising prices of oil, a major driver of its

current account deficit.

Brent crude prices were up 0.5 percent to $76.65 per

barrel on Wednesday following supply disruptions in Libya and

Canada and after U.S. officials told oil importers to stop

buying Iranian crude from November.

The Thai baht did not move after Thailand's

manufacturing production index in May rose 3.2 percent from a

year earlier, below the 3.5 percent rise forecast by a Reuters

poll.

Indonesia's rupiah did not trade on Wednesday due to

a holiday. The central bank, which raised the key interest rate

twice in May, is likely to hike it again on Friday to give the

fragile rupiah more support, a Reuters poll showed.

The Philippine peso bucked Wednesday's trend to gain

about 0.31 percent, helped by a pick-up in investor sentiment in

the equity market. The Philippines' equity benchmark was

trading up to 1.5 percent higher, after advancing for the first

time in nine sessions on Tuesday.

The following table shows rates for Asian currencies against

the dollar at 0446 GMT.

CURRENCIES VS U.S. DOLLAR

Change on day at 0446 GMT

Currency Latest bid Previous day Pct Move

Japan yen 109.950 110.05 +0.09

Sing dlr 1.363 1.3630 +0.03

Taiwan dlr 30.450 30.412 -0.12

Korean won 1117.900 1114.8 -0.28

Baht 32.980 32.99 +0.03

Peso 53.455 53.639 +0.34

Rupee 68.458 68.24 -0.32

Ringgit 4.025 4.021 -0.10

Yuan 6.598 6.5797 -0.27

* Indonesia currency market closed for

a holiday

Change so far in 2018

Currency Latest bid End 2017 Pct Move

Japan yen 109.950 112.67 +2.47

Sing dlr 1.363 1.3373 -1.86

Taiwan dlr 30.450 29.848 -1.98

Korean won 1117.900 1070.50 -4.24

Baht 32.980 32.58 -1.21

Peso 53.455 49.977 -6.51

Rupiah 14173.000 13565 -4.29

Rupee 68.458 63.87 -6.70

Ringgit 4.025 4.0440 +0.47

Yuan 6.598 6.5069 -1.38

(Reporting by Aaron Saldanha in Bengaluru; Editing by Richard

Borsuk)