GLOBAL MARKETS-Asian stocks slip as growth concerns cloud outlook

• Shares down following declines on Wall Street
• Fed chair speech provides few clues to traders
• Soft economic data renews growth concerns

SINGAPORE, Sept 24 (Reuters) - Stocks in Asia fell on Wednesday, following declines on Wall Street as remarks by Federal Reserve Chair Jerome Powell gave little indication about the future path of interest rates and economic data fuelled concerns about slowing growth.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slid 0.4% in mid-morning trade, after U.S. stocks ended the previous session lower. The S&P 500 .SPX was down 0.6%, marking its biggest one-day loss in three weeks.

Australian shares .AXJO led regional declines, down 1%, extending losses after a bigger-than-expected rise in consumer prices in August. U.S. stock futures ESc1 were flat.

The greenback stabilised after two consecutive days of decline, with the dollar index .DXY up 0.1% at 97.301. Against the yen JPY=, the dollar was up 0.1% at 147.735, as traders parsed messages from Federal Reserve officials.

"Chair Powell in his speech emphasised that 'near-term risks to inflation are tilted to the upside and risks to employment to the downside', highlighting the challenges of balancing the Fed’s dual mandate in the current environment," Westpac analysts wrote in a research note.

Asian stocks are pausing for breath after hitting a four-year high and remain on track this month for their best monthly performance in a year, following weakness in the dollar, a surge in regional technology stocks and a resumption of the Federal Reserve's policy easing cycle.

Japan's Nikkei stock index .N225 slid 0.5% after manufacturing sector activity fell at the fastest pace in six months in September, driven by further declines in new orders, a private sector survey showed on Wednesday.

Traders have ramped up bets on further easing, with Fed funds futures implying a 93% chance of a rate cut at the U.S. central bank's October meeting, up from a 89.8% probability on Tuesday.

U.S. Treasury bonds attracted bids across the curve, with the yield on benchmark 10-year Treasury notes US10YT=RR falling to 4.1061%, compared with its U.S. close of 4.118% on Tuesday. The two-year yield US2YT=RR, which rises with traders' expectations of higher Fed funds rates, fell to 3.5673% compared with a U.S. close of 3.592%.

U.S. economic data released on Tuesday stoked growth concerns, with purchasing managers' index (PMI) data from S&P Global showing U.S. business activity slowed for a second straight month in September.

"The S&P PMIs were softer in the September preliminary release, but both remain in expansion and are within the range of the last few months," Citi analysts wrote in a research note. But they pointed to more weakness in the details than implied in the headline numbers.

"The composite output prices index fell to the lowest level since April with anecdotes mentioning that firms are having difficulty passing on higher costs to consumers due to weak demand and more competition," the analysts said.

In oil markets, Brent crude LCOc1 was last up 0.4% at $67.87 per barrel, after a deal to resume exports from Iraq's Kurdistan stalled, pacifying some investor concerns that the restart would exacerbate worries about global oversupply.

Gold was slightly lower after hitting a record high on Tuesday, with spot gold XAU= last down 0.2% at $3,757.49 per ounce. GOL/