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EMERGING MARKETS-Most Asian currencies ease with US jobs data in focus

* Malaysian ringgit leads currency losses * U.S. labour data awaited for clues on rates * Asian equities markets mixed By Archishma Iyer Dec 6 (Reuters) - Most Asian currencies weakened on Wednesday, led by the Malaysian ringgit as the U.S. dollar gained ground after the latest jobs data, while traders awaited additional employment figures to assess the prospects for rate cuts by the Federal Reserve. Data on Tuesday showed U.S. job openings fell to a more than 2-1/2-year low in October, signalling that aggressive rate hikes have started to flow through the economy. Additional labour data releases from the U.S., including the closely watched non-farm payrolls report due later in the week, are likely to give investors better clarity on where rates could be headed into 2024. "The fact that central banks (globally) are on the same page regarding the direction of monetary policy amid a softer growth outlook suggests that their currencies are more likely to consolidate than a trend in either direction," analysts from DBS said in a note. At 0330 GMT, the dollar index - which measures the strength of the greenback against six major currencies - was hovering near a two-week high of 103.92. Malaysia's ringgit fell as much as 0.3% to 4.674 per dollar, tracking broad dollar gains and a slump in crude oil prices, while investors assessed the impact of OPEC+ production cuts. The South Korean won, Indonesian rupiah, Singapore dollar and Taiwan dollar traded flat to slightly lower, although Thailand's baht edged up by a modest 0.2%. Taiwan is set to release inflation data later on Wednesday while Thailand's CPI data will be announced on Thursday, providing additional clues for central bank policy rates. Chinese stocks traded flat after slumping as much as 1.7% in the previous session while the yuan inched lower, a day after ratings agency Moody's lowered China's government credit outlook to "negative". "Moody's downgrade of China outlook to negative from stable is further spooking debt concerns, and adding to the headwinds for the Chinese economy and pushing investors away despite the cheap valuation," analysts from Saxo Markets wrote. Among other Asian equities, stocks in South Korea rose 0.6% and Taiwan was up 0.3%, while the Philippines, Malaysia and Singapore traded 0.1% to 0.5% lower. HIGHLIGHTS: ** Indonesia's benchmark 10-year bond yield rises to 6.611% ** China state banks selling dollars for second day to support yuan-sources ** Myanmar central bank to no longer set forex rates Asia stock indexes and currencies at 0330 GMT COUNTRY FX RIC FX FX YTD % INDEX STOCKS STOCKS DAILY % DAILY YTD % % Japan -0.09 -10.98 1.72 27.76 China -0.13 -3.60 -0.06 -3.84 India +0.00 -0.79 0.00 15.19 Indonesia -0.01 +0.41 0.19 3.85 Malaysia -0.24 -5.82 -0.26 -3.33 Philippines +0.04 +0.71 -0.46 -4.36 S.Korea -0.14 -3.70 0.53 12.13 Singapore +0.09 -0.01 -0.04 -5.39 Taiwan -0.05 -2.54 0.31 22.95 Thailand +0.17 -1.61 0.24 -16.89 (Reporting by Archishma Iyer in Bengaluru; Editing by Edmund Klamann)