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EM ASIA FX-Most Asian currencies weaken as global equities battered

* U.S. inflation data in focus

* India's rupee hits fresh record low

* Taiwan dlr, South Korean won weaken the most

* Singapre dollar gains ahead of meeting

(Adds text, updates prices)

By Nikhil Nainan

Oct 11 (Reuters) - Most Asian currencies were driven lower

by a global sell-off in equities with the dollar also

surprisingly losing ground, while safe-havens like the Japanese

yen and U.S. debt received support.

U.S. Treasury yields cooled overnight after Wall Street

suffered its worst drubbing in eight months as investors sought

safer bets, sucking funds out of emerging markets.

Rising U.S. yields have put pressure on China's yuan

as the protracted trade tussle between Beijing and

Washington show no signs of easing, with the yuan weakening 0.1

percent to 6.932 a dollar on the day.

The U.S. dollar, often seen as a safe bet in times of

uncertainty, lost ground as investors awaited U.S. inflation

figures that are expected to show prices rising at a slower

pace, potentially softening the Fed's hawkish stance.

Currencies of export-focused economies such as South Korea's

won and Taiwanese dollar fell the most

against the greenback, down 0.9 percent and 0.5 percent,


Taiwan's stock market fell about 6 percent, while

its South Korean counterpart's benchmark index was 3.4

percent lower.


The sinking rupee hit yet another record low in

early trade, but steadied to 74.390 by late morning.

The bearishness toward the rupee mirrored sentiment on the

broader NSE share index, which slumped as much as 3

percent to its lowest since April this year.

Even oil prices falling to two-week lows failed to provide

support for the rupee, with expectations growing that Asia's

worst performing currency may touch 75 to the dollar.

Traders said intermittent dollar selling by the central bank

had prevented a sharper fall in the rupee.


As losses mounted across the currency space, the

city-state's dollar strengthened 0.1 percent to 1.382,

ahead of a key policy meeting on Friday while also gaining

support from a weaker greenback.

A small majority of analysts in Reuters poll released on

Sept. 28 expect the Monetary Authority of Singapore (MAS) to

tighten policy, as trade war worries weigh.

Mizuho bank, in a note, said "the knee-jerk SGD bump up from

MAS tightening may be short-lived and shallow, quickly



Change on the day at 0453 GMT

Currency Latest bid Previous day Pct Move

Japan yen 112.170 112.27 +0.09

Sing dlr 1.382 1.3832 +0.09

Taiwan dlr 31.117 30.968 -0.48

Korean won 1144.500 1134 -0.92

Baht 32.790 32.95 +0.49

Peso 54.240 54.13 -0.20

Rupiah 15260.000 15198 -0.41

Rupee 74.390 74.20 -0.26

Ringgit 4.158 4.1515 -0.16

Yuan 6.932 6.9240 -0.12

Change so far in 2018

Currency Latest bid End 2017 Pct Move

Japan yen 112.170 112.67 +0.45

Sing dlr 1.382 1.3373 -3.23

Taiwan dlr 31.117 29.848 -4.08

Korean won 1144.500 1070.50 -6.47

Baht 32.790 32.58 -0.64

Peso 54.240 49.977 -7.86

Rupiah 15260.000 13565 -11.11

Rupee 74.390 63.87 -14.14

Ringgit 4.158 4.0440 -2.74

Yuan 6.932 6.5069 -6.13

(Reporting by Nikhil Kurian Nainan and Sumeet Gaikwad in