(.) * Indonesian inflation eases in June * S.Korean won declines 0.4% during longer trading hours * Investors eye raft of inflation prints due this week By Roshan Thomas July 1 (Reuters) - Most Asian stocks rose on Monday as traders assessed the U.S. rates outlook after data showed inflation in the world's largest economy subsided in May, while currencies were trading subdued with the South Korean won declining the most. Stocks in Malaysia gained 0.3%, Taiwan and the Philippines each edged 0.1% higher, while Thailand equities dipped 0.1%. Annual inflation in Indonesia eased to 2.51% in June, its lowest level in nine months, according to data, but came within the central bank's target range of 1.5% to 3.5%.
Highlighting Key Moves with Taiwan Semiconductor Manufacturing Co Ltd
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) received government approval to inject an additional $10.26 billion to finance the construction of its second fab in Kumamoto, Japan, and a second fab in Arizona using advanced process technologies. The Department of Investment Review approved TSMC’s investment applications, the Taipei Times reports. TSMC stock is trading higher on Friday. TSMC makes its most advanced chips domestically, operates its research-and-development center in Taiwan, and