CORRECTED-EMERGING MARKETS-Ringgit, rupiah lead losses in Asia FX; stocks mixed

By Roshan Thomas

July 2 (Reuters) - Most Asian currencies were under pressure on Wednesday, led by a decline in the Malaysian ringgit and Indonesian rupiah, ahead of a closely watched U.S. payrolls report and prospects for trade deals ahead of a July 9 deadline.

The ringgit MYR= and rupiah IDR= shed 0.4% and 0.3%, respectively. The South Korean won KRW=KFTC was flat, as was the Hong Kong dollar HKD=D3.

But the Taiwan dollar TWD=TP bucked the regional trend by adding 0.4%, tracking the softer U.S. dollar. The dollar wallowed near levels last seen in February 2022, after Federal Reserve Chair Jerome Powell said overnight the central bank would wait for clarity on tariffs' impact before easing.

The U.S. Senate's passing of President Donald Trump's sweeping tax-cut and spending bill, which will add $3.3 trillion to the national debt, has stoked fiscal worries.

"I think market players are largely in wait-and-see mode until the release of the U.S. non-farm payrolls data this Thursday," said Poon Panichpibool, a market strategist at Krung Thai Bank.

The U.S. labour market remained resilient with a rise in job openings for May, data showed, but Thursday's payrolls report will be monitored for prospects of Fed interest rate cuts.

Asian equities also wavered on Wednesday, putting in a mixed performance.

Thailand's market .SETI was down 0.4% a day after the constitutional court suspended Prime Minister Paetongtarn Shinawatra pending a case seeking her removal on allegations of dishonesty and ethics breaches.

A sharp retreat in mega-cap tech shares on Wall Street overnight spilled over to peers in South Korea and Taiwan, both tech-heavy markets.

South Korean stocks .KS11 were down 0.8%, with chipmaker SK Hynix 000660.KS losing 2.4%.

Taiwan .TWII, which has some of the world's largest chip manufacturers, was down 0.3%. Shares of semiconductor giant TSMC 2330.TW retreated 0.9%.

But Singapore stocks .STI were up 0.5%, hitting a record high of 4,009.60 points, while equities in Malaysia .KLSE rose 0.5% to log the highest level since May 21.

Shares in the Philippines .PSI and Indonesia .JKSE were down 0.5% and 0.9% each.

Investors remained cautious ahead of the July 9 deadline for countries to strike trade deals with the U.S. as U.S. President Donald Trump said he was not considering an extension.

HIGHLIGHTS:

Trump says US could reach trade deal with India, casts doubt on deal with Japan

Hong Kong's de facto central bank intervenes as HK dollar hits weak end of range