EMERGING MARKETS-Soft dollar buoys Asian FX; stocks recover after tech rout

* Indonesian rupiah snaps 3-day decline * S.Korean won, Japanese yen lead gains * Taiwan, S.Korea stocks snap 4-day slide (Updates at 0614 GMT) By Roushni Nair July 23 (Reuters) - Emerging Asian stock markets rose on Tuesday, with Taiwan shares recouping a third of the losses suffered in the last four sessions, while a softer U.S. dollar helped currencies in the region regain some lost ground. Taiwan stocks rose 2.8% after declining more than 6% in the four-day sell-off on concerns over Washington's likely curbs on semiconductor sales to China. The benchmark stock index, however, is the best performer in the region, rising more than 26% so far this year. TSMC, Asia's most valuable listed company, was up more than 4% after losing over 9% in the last four sessions. South Korean stocks also rose for the first time in four days and were last up 0.5%. Meanwhile, most regional currencies eked out small gains. The dollar index was down 0.1% at 104.3, two days after U.S. President Joe Biden dropped his reelection bid. "There is a possibility that EM Asia could experience some intermittent climb towards year-end once the U.S. elections are done," said Alan Lau Sie Ping, a senior FX Strategist at Maybank. South Korea's won and the Japanese yen rose over 0.3% each to lead the charge. The Malaysian ringgit and Thailand's baht strengthened slightly by 0.1% each. Malaysia will report June inflation data on Wednesday. The Indonesian rupiah, which was once a popular carry-trade currency in Asia, has been in a downward spiral as uncertainties around the country's fiscal plans dented investor confidence. "We do though eventually expect the IDR to see some relief towards year-end once the (U.S.) elections are done and the Fed's easing cycle becomes more entrenched," Sie Ping added. The Singapore dollar was last up 0.1%, while shares climbed 0.5%. Core inflation in the country came in at 2.9% for June, the lowest in over two years, with the focus now shifting to the central bank's policy meeting on Wednesday. "In the medium-term, we remain positive on the SGD given robust macro fundamentals and a monetary policy that has an appreciating currency as a default stance," analysts at Maybank wrote in a note. In India, the rupee wobbled near its all-time low, while investors digested the budget announcement by the country's finance minister. Most other equity markets in Asia traded higher, with Kuala Lumpur and Manila adding 0.6% each. Shares in Bangkok retreated 0.9% as trading resumed after a holiday. In China, the yuan was unchanged, while shares in Shanghai dipped over 1% after the central bank's surprise short-term policy rate cut on Monday did little to lift investor sentiment in Southeast Asia's largest trading partner. HIGHLIGHTS: ** Singapore seen keeping monetary policy unchanged amid inflation risks ** Philippine finance minister says on track for rate cut Asia stock indexes and currencies at 0614 GMT Japan +0.34 -9.85 -0.01 18.94 China India +0.03 -0.51 -0.05 12.73 Indones +0.10 -4.96 -0.02 0.66 ia Malaysi +0.13 -1.76 0.52 12.09 a Philipp +0.04 -5.09 0.32 4.40 ines S.Korea Singapo +0.02 -1.94 0.59 6.71 re Taiwan +0.11 -6.33 2.76 27.56 Thailan +0.03 -5.80 -0.86 -7.77 d (Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu Sahu and Eileen Soreng)