* Indonesian rupiah snaps 3-day decline
* S.Korean won, Japanese yen lead gains
* Taiwan, S.Korea stocks snap 4-day slide

By Roushni Nair
       July 23 (Reuters) - Emerging Asian stock markets were
largely steady on Tuesday, with Taiwan shares recouping a third
of the losses suffered in the last four sessions, while a
slightly weaker U.S. dollar helped currencies in the region
regain some lost ground.
    Taiwan stocks rose more than 2% after declining over
6% in the four-day sell-off that was triggered by news of
further curbs by Washington 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 3% 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 0.4%, while most regional currencies
eked out gains on the back of a slightly weaker dollar.
    The dollar index - a measure of its value relative to
a basket of foreign currencies - was down 0.1%, two days after
U.S. President Joe Biden dropped his reelection bid.
    South Korea's won and the Japanese yen
rose 0.4% each to lead the charge. The Malaysian ringgit
and Thailand's baht strengthened 0.2% each.
    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 dent investor
confidence.
    The Singapore dollar was last up 0.1%, while shares
 climbed 0.5%. Market participants were awaiting the June
inflation reading due later in the day and a central bank 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, adding that the Monetary Authority of Singapore appeared
to be in no hurry to ease.     
    Malaysia will report June inflation data on Wednesday where
analysts see core inflation picking up.
    In India, the rupee wobbled near its all-time low
as investors awaited the country's finance minister to present
the final union budget for fiscal 2025.
    Most other equity markets in Asia traded higher, with Mumbai
 and Kuala Lumpur adding 0.2% and 0.5%,
respectively. Shares in Bangkok, however, retreated 0.6%
as trading resumed after a holiday.
    In China, the yuan was unchanged, while shares in
Shanghai dipped 0.6% 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:    
    ** Indonesian 10-year benchmark yields rise 1.8 basis points
to 7.007%
    ** Singapore seen keeping monetary policy unchanged amid
inflation risks
    ** Philippine finance minister says on track for rate cut

  Asia stock indexes and                                
 currencies at 01519 GMT                           
 COUNTRY  FX RIC        FX     FX    INDEX  STOCK  STOCK
                     DAILY  YTD %               S  S YTD
                         %                  DAILY      %
                                                %  
 Japan               +0.45  -9.75           0.00   18.97
 China                                           
 India               +0.04  -0.50            0.08  12.88
 Indones             +0.19  -4.88            0.06   0.73
 ia                                                
 Malaysi             +0.17  -1.71            0.51  12.08
 a                                                 
 Philipp             +0.15  -4.99           -0.07   3.99
 ines                                              
 S.Korea                                         
 Singapo             +0.12  -1.85            0.47   6.58
 re                                                
 Taiwan              +0.07  -6.37            2.11  26.75
 Thailan             +0.14  -5.70           -0.64  -7.57
 d                                                 
 

    
 (Reporting by Roushni Nair in Bengaluru; Editing by Subhranshu
Sahu)