EM ASIA FX-Most Asian currencies slip, won and rupiah weaken most

* Philippine peso softer after GDP cut, ahead of rate decision * Indian rupee firms for sixth straight session * Indonesian rupiah set to snap four sessions of gains (Adds text, updates prices) By Shreya Mariam Job Dec 11 (Reuters) - Most Asian currencies slipped on Wednesday as investors awaited clarity on whether scheduled U.S. tariffs on Chinese goods will be imposed over the weekend. The Wall Street Journal reported on Tuesday that U.S. and Chinese trade negotiators were planning for a delay of tariffs set to be imposed on Dec. 15. However, White House economic adviser Larry Kudlow suggested that the tariffs are still on the table and that if negotiations are not to the president's liking, the tariffs could take effect. The South Korean won, which is heavily influenced by trade news, weakened the most among Asian currencies with a 0.2% drop and was set to log its third consecutive session of decline. The Indonesian rupiah also slipped 0.2%, snapping four straight sessions of strength. "The primary risk to IDR comes from a larger emerging sell-off if the trade war has to escalate again," said Mahesh Sethuraman, deputy head of global sales trading at Saxo Capital Markets. Meanwhile, investors also await comments from the U.S. Federal Reserve when it hands down its policy decision later in the day, to gauge its future policy stance. The Fed is expected to keep rates on hold at its meeting. The Philippine central bank is also expected to keep rates on hold at its policy review on Thursday. The Philippine peso slipped 0.1% on Wednesday after the government trimmed its medium term growth targets due to rising uncertainties, including the U.S.-China trade war. Meanwhile, the Indian rupee firmed for a sixth straight session strengthening 0.2% on the back of strong corporate inflows. KOREAN WON The South Korean won is the worst performer among its Asian peers so far this year, reacting to trade headlines that have heightened risks for the trade-reliant economy. Moreover, emerging noise from North Korea that it is running out of patience on a deal with the United States has also raised risks for the Korean economy, Sethuraman said. The U.N. Security Council will meet on Wednesday, at the request of the United States, over missile launches by North Korea that could provoke a further escalation in geopolitical tensions. Asia's fourth-largest economy is headed for the worst growth in a decade even after two rate cuts and a big increase in government spending. CURRENCIES VS U.S. DOLLAR Change on the day at 0547 GMT Currency Latest bid Previous day Pct Move Japan yen 108.730 108.7 -0.03 Sing dlr 1.360 1.3581 -0.10 Taiwan dlr 30.471 30.503 +0.11 Korean won 1194.000 1191.3 -0.23 Baht 30.304 30.3 -0.01 Peso 50.810 50.74 -0.14 Rupiah 14036.000 14005 -0.22 Rupee 70.800 70.92 +0.17 Ringgit 4.160 4.163 +0.07 Yuan 7.038 7.0335 -0.06 Change so far in 2019 Currency Latest bid End 2018 Pct Move Japan yen 108.730 109.56 +0.76 Sing dlr 1.360 1.3627 +0.24 Taiwan dlr 30.471 30.733 +0.86 Korean won 1194.000 1115.70 -6.56 Baht 30.304 32.55 +7.41 Peso 50.810 52.47 +3.27 Rupiah 14036.000 14375 +2.42 Rupee 70.800 69.77 -1.45 Ringgit 4.160 4.1300 -0.72 Yuan 7.038 6.8730 -2.34 (Reporting by Shreya Mariam Job in Bengaluru; Editing by Jacqueline Wong)