EMERGING MARKETS-Asian FX, equities extend selloff as interest rate woes weigh

* Indonesia's 10-year bond yields at 10-month high * Thailand, Philippines inflation data eyed * Taiwan dollar hits over 7-year low By John Biju Oct 4 (Reuters) - Most emerging Asian currencies depreciated for the third straight session on Wednesday as market participants steered clear of riskier assets, pressured by surging U.S. Treasury yields. The Thai baht and the Malaysian ringgit hovered near 11-month lows. Meanwhile, the Indonesian rupiah continued to veer around 10-month lows after erasing all the gains so far this year on Tuesday. All three currencies logged three straight sessions of losses. Shares in Asia were also subdued with equities in Singapore , South Korea and Indonesia declining between 1.1% and 2.3%. U.S. Treasury yields, which hit 16-year high after new data raised fears that the Federal Reserve would keep interest rates higher for longer, triggered a sell-off in riskier Asian assets. "We expect Asia excluding Japan on the whole to slip back further amid recession risks; albeit prone to two-way volatility and differentiated outcomes," analysts at Mizuho Bank said. The rout in Asian currencies caught the attention of central banks including Bank Indonesia, which intervened in the foreign exchange market on Tuesday to manage the supply and demand of U.S. dollars, and on Wednesday bought government bonds to instil confidence in the market. Indonesia's 10-year yields scaled a fresh 10-month peak of 7.067%. The Singapore dollar weakened up to 0.2% to 1.3754 per dollar while shares lost up to 1.8% to hit their lowest level since early July. Investors expect the Monetary Authority of Singapore to stand pat on rates next week as the city-state fights a weak economic outlook and persistent price pressures. The Taiwan dollar retreated up to 0.3% to 32.435 per dollar, hitting its lowest level since June 2016. The Philippine peso, the South Korean won and the Indian rupee were largely unchanged. Market participants are also awaiting inflation data from Thailand, Philippines and South Korea this week and the Reserve Bank of India's monetary policy decision. Markets in China were closed for a public holiday. HIGHLIGHTS: ** Thai 10-year benchmark yields rise 14 basis points to 3.370% ** Japan keeps markets guessing on yen intervention, warns against sharp falls ** Thai c.bank chief's opinions on economy 'different' from new PM's Asia stock indexes and currencies at 0527 GMT COUNTRY FX RIC FX FX INDE STOCK STOCK DAILY YTD % X S S YTD % DAILY % % Japan -0.13 -12.1 <.N2 -2.28 16.99 3 25> China EC> India -0.05 -0.63 <.NS -0.55 7.27 EI> Indones -0.33 -0.40 <.JK -1.05 0.25 ia SE> Malaysi -0.15 -6.96 <.KL -0.31 -5.34 a SE> Philipp -0.04 -1.83 <.PS -0.42 -4.37 ines I> S.Korea +0.04 -7.32 <.KS -2.33 7.66 11> Singapo -0.08 -2.49 <.ST -1.53 -3.32 re I> Taiwan -0.30 -5.30 <.TW -1.07 15.14 II> Thailan -0.24 -6.95 <.SE 0.40 -12.9 d TI> 2 (Reporting by John Biju in Bengaluru; Editing by Dhanya Ann Thoppil)