* S.Korean won leads losses in the region
* Dollar strength also pressures emerging Asia FX
(Adds text, updates prices)
By Aditya Soni
July 2 (Reuters) - Most emerging Asian currencies lost
ground against a broadly stronger dollar on Tuesday as
uncertainty crept back over U.S.-China trade deal, while weak
factory data across the globe rekindled concerns about the
health of the world economy.
Initial enthusiasm over the Sino-U.S. trade truce, which
triggered a relief rally on Monday, gave way to doubts about
whether the two sides could come to an agreement, with President
Donald Trump declaring any trade deal with China would need to
be "somewhat tilted" in favour of the United States.
In a client note, OCBC Bank said "the outcome of future
talks remains uncertain given Trump's flip-flop stance" plus the
hawkishness of some U.S. senators and China's "red lines".
The trade-dependent Korean won KRW=KFTC had its biggest
drop in nearly five weeks and lead losses in the region.
Slowing global trade has affected South Korean manufacturing
activity in South Korea, which shrank at its fastest pace in
four months in June. The won was also pressured by concerns over an escalating
trade conflict between Japan and South Korea, which pushed
Seoul's benchmark index .KS11 0.3% lower.
Data released on Monday showed that production in the United
States, eurozone and China also took hits due to the protracted
trade war. The strength in the dollar .DXY , which remained near its
highest in a week, was also weighing on the currencies in the
region. USD/
The Thai baht THB=TH , the best performing emerging Asian
currency this year, lost 0.2%, as did the Indonesian rupiah
IDR= .
The Chinese yuan CNY=CFXS weakened 0.1%.
The following table shows rates for Asian currencies against
the dollar at 0607 GMT.
CURRENCIES VS U.S. DOLLAR
Currency Latest bid Previous day Pct Move
Japan yen 108.350 108.43 +0.07
Sing dlr 1.356 1.3553 -0.06
Taiwan dlr 31.018 31.002 -0.05
Korean won 1166.700 1158.8 -0.68
Baht 30.680 30.62 -0.20
Peso 51.060 51.12 +0.12
Rupiah 14140.000 14110 -0.21
Rupee 68.995 68.95 -0.07
Ringgit 4.140 4.135 -0.12
Yuan 6.862 6.8530 -0.13
Change so far in 2019
Currency Latest bid End 2018 Pct Move
Japan yen 108.350 109.56 +1.12
Sing dlr 1.356 1.3627 +0.49
Taiwan dlr 31.018 30.733 -0.92
Korean won 1166.700 1115.70 -4.37
Baht 30.680 32.55 +6.10
Peso 51.060 52.47 +2.76
Rupiah 14140.000 14375 +1.66
Rupee 68.995 69.77 +1.12
Ringgit 4.140 4.1300 -0.24
Yuan 6.862 6.8730 +0.16