* Taiwan dollar leads gains among Asian FX
* BoT and BoK expected to stand pat on rates this week
* India markets closed for public holiday

By Archishma Iyer
       Nov 27 (Reuters) - Most Asian currencies started the
week on a subdued note with the Taiwan dollar leading gains on
Monday, while emerging Asian equities slipped as investors
awaited further clues on the outlook for inflation globally. 
    Market participants will look forward to the U.S. Personal
Consumption Index and inflation data from the Europe later this
week, which will result in opportunities for their respective
central banks to ease their hawkish stances. 
    "The recent U.S. data have been mixed and until we see a
string of stronger data, the dollar is likely to remain under
pressure," Win Thin, Global Head of Currency Strategy at Brown
Brothers Harriman said. 
    "EM could gain near term, but the global backdrop of slow
growth and tight liquidity is not conducive to a sustainable
rally." 
    Data last week showed U.S. business activity held steady in
November, but employment in the private sector declined.  
        The Taiwan dollar rose about 0.2%, and is up
about 2.6% since the start of November, headed for its best
month since January. 
    "It’s been about positioning and catch up. The last two
weeks have been about beta and USD position unwinding in the
region, and we think it’s not yet about fundamental
convictions," Natwest analysts wrote. 
    "...TWD was the clearest example of long USD positioning
being unwound," they added.  
    Other currencies including the Thailand baht,
Singapore dollar and the Malaysian ringgit traded
flat.
    South Korea and Thailand are set to announce their
respective policy decisions later this week, where both central
banks are expected to stand pat on rates.  
        Both currencies are presently the best performing
emerging Asia units during the quarter, up as much as 3.1%. The
South Korean won has logged the highest gains for the
month as well, up 2.7%.
  
    The MSCI International Emerging Market Currency Index
 has gained 2.3% in November, poised for its best
month since the start of the year, but was down about 0.2% on
Monday. 
    Among Asian equities, stocks in Singapore, Malaysia
 and Thailand were down in the range of 0.2% and
0.6%. 
    Markets in India were closed for a public holiday. 
    
    HIGHLIGHTS:    
    ** Indonesia's benchmark 10-year yield rises to 6.715% 
    ** China needs to boost financial support for private firms
- PBOC-led statement 
    ** Thailand's employment growth weakest in 5 quarters in Q3
as economy slows 

    
 Asia stock indexes and currencies at 0406 GMT
 COUNTRY     FX RIC           FX  FX YTD    INDEX  STOCK  STOCK
                         DAILY %       %               S  S YTD
                                                   DAILY      %
                                                       %  
 Japan                     +0.32  -11.98           -0.60   28.0
                                                            9
 China                     -0.06   -3.54           -0.76  -2.31
 India                         -   -0.78               -   9.33
 Indonesia                 +0.13   +0.16            0.31   2.64
 Malaysia                  +0.11   -5.94           -0.19  -2.96
 Philippine                -0.13   +0.27               -  -4.52
 s                                                        
 S.Korea                   -0.04   -3.24           -0.17  11.45
 Singapore                 +0.07   +0.10           -0.38  -5.18
 Taiwan                    +0.15   -2.76           -0.41  21.78
 Thailand                  +0.13   -1.92           -0.60  -16.7
                                                              6
 
 (Reporting by Archishma Iyer in Bengaluru; Editing by Lincoln
Feast.)