EMERGING MARKETS-Asian currencies reverse course; won buoyed by rate hike

* S. Korean won supported by rate hike * Rupee supported on likely RBI intervention * U.S. Fed minutes, CPI awaited * Stocks mixed By Harshita Swaminathan and Jaskiran Singh Oct 12 (Reuters) - Several Asian currencies reversed course to trade higher versus the dollar in volatile trading ahead of some key data releases in the United States, while South Korea's won was propped up by an interest rate hike. The Singapore dollar and the Thai baht traded about 0.1% and 0.2% higher, respectively, in the latter half of the day, with the baht also supported by data showing industrial sentiment had strengthened in September. "I think, right now, the markets are pretty jittery," said Galvin Chia, an emerging markets strategist at NatWest Markets, adding that risky assets were especially volatile. The won appreciated 0.7% after the Bank of Korea (BOK) raised its benchmark policy rate by 50 basis points (bps). While the hike was in line with market expectations, two of the BOK's seven board members had voted for a 25 bps hike. "This clearly shows that the spectrum of dove-hawk tendencies is shifting slowly from curbing inflation to supporting growth," said analysts at ING, adding the BoK will likely normalize its hiking pace back to 25 bp in November. The won has weakened nearly 17% against the U.S. dollar so far in 2022, the biggest decliner among major Asian currencies after the Japanese yen, which has lost more than 21%. India's rupee gained a marginal 0.1% with the Reserve Bank of India likely intervening in small volumes since Monday, when the currency hit a record low of 82.6825 to the dollar. India will also report consumer prices data later on Wednesday. Inflation is expected to have accelerated to a five-month high in September, according to a Reuters poll. The Chinese yuan remained choppy, with faster-than-expected credit growth in September acting as a positive but offset by a strong dollar and a negative global economic outlook. Malaysia's ringgit and the Philippines' peso also remained pressured, and both traded about 0.2% lower. Investors are awaiting the minutes from the U.S. Federal Reserve's September meeting, and data on U.S. producer prices. U.S. September consumer inflation data is also due late on Thursday. Headline inflation is expected to have eased slightly, according to a Reuters poll. The negative market sentiment earlier in the day was also in part due to the Bank of England reiterating it would end support for the bond market on Friday, but it later backtracked on this, according to a Financial Times (FT) report. The FT reported the BoE signalled privately to lenders it was prepared to extend its emergency bond-buying programme beyond Friday's deadline. Further souring risk appetite, the International Monetary Fund (IMF) cut its outlook for global GDP growth to 2.7% for 2023, down from the 2.9% it had forecast in July, due to inflation pressures. Stocks in Asia remained mixed, with markets in Malaysia and Indonesia falling 0.4% and 0.2% respectively, while those in China and India rose 1.4% and 0.7%, respectively. HIGHLIGHTS: ** Thailand consumer confidence at eight-month high in September, rises for fourth consecutive month ** Malaysia factory output beats market forecasts, rises 13.6% in August Asia stock indexes and currencies at 0707 GMT COUNTRY FX RIC FX FX YTD INDEX STOCKS STOCKS DAILY % DAILY YTD % % % Japan -0.16 -21.23 -0.02 -8.32 China +0.07 -11.28 1.45 -16.95 India +0.08 -9.63 0.65 -1.50 Indonesia -0.06 -7.25 -0.21 5.21 Malaysia -0.19 -11.03 -0.41 -11.89 Philippines -0.24 -13.50 0.11 -17.82 S.Korea +0.72 -16.57 0.47 -26.03 Singapore +0.03 -6.15 -0.22 -0.82 Taiwan +0.04 -13.07 -0.19 -28.20 Thailand +0.21 -12.25 0.07 -5.67 (Reporting by Harshita Swaminathan and Jaskiran Singh; Editing by Saumyadeb Chakrabarty)