* Won falls up to 0.5%, still set for 6th weekly gain * Chinese currency sees worst day in more than a week * Philippine peso gains on strong Q3 GDP data (Adds text, updates prices) By Aby Jose Koilparambil Nov 7 (Reuters) - Most Asian currencies eased on Thursday, with the Korean won and the Chinese yuan leading the declines, as risk appetite took a hit after Reuters reported of a delay in sealing a preliminary Sino-U.S. trade deal. A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign the long-awaited interim deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters. Risk assets in Asia have appreciated of late on positive trade headlines even as the search for an alternate venue to host the Sino-U.S. meeting was on after a planned mid-November summit of Asia-Pacific leaders in Chile got cancelled due to violent protests there. The trade dispute between the world's top two economies has roiled global financial markets for more than a year now, with any developments, even minute in nature, significantly impacting diverse asset classes. "Until we get more clarity on the venue and the United States' position on China's tariff request, look for Emerging Asian currencies... to give back some of the gains chalked in October," DBS Bank analysts said in a note. The Korean won, which appreciated about 2.7% in October and is set for a sixth consecutive weekly gain, lost ground on the day, weakening up to 0.5%. The yuan retreated further from a peak hit earlier this week, shedding as much as 0.3% in its biggest intraday percentage drop in more than a week. The Malaysian ringgit and the Indonesian rupiah depreciated as much as 0.2% each. The Thai baht inched lower, extending losses after the central bank on Wednesday cut rates for a second time this year in its attempt to shore up inflation. PHILIPPINE PESO The Philippine peso gained as much as 0.1% after data showed the economy grew faster than expected in the third quarter, fuelled by buoyant government spending and domestic demand. Gross domestic product grew 6.2% from a year earlier, exceeding the 6.0% median forecast in a Reuters poll, and the prior quarter's 5.5% growth, thus effectively lowering the chances of more policy easing this year. "This (Q3 economic growth) should enable the Bangko Sentral ng Pilipinas to pause on further monetary easing and assess the impact of previous rate and reserve requirement ratio cuts," ANZ analysts said in a research note. BULLISH ON YUAN Market participants turned bullish on the yuan after nearly seven months and increased long positions on most emerging Asian currencies over the past two weeks, a Reuters poll showed, as prospects of an interim Sino-U.S. trade deal whetted risk appetite. CURRENCIES VS U.S. DOLLAR Change on the day at 0623 GMT Currency Latest bid Previous day Pct Move Japan yen 108.730 108.96 +0.21 Sing dlr 1.360 1.3599 +0.01 Taiwan dlr 30.404 30.400 -0.01 Korean won 1159.800 1156.9 -0.25 Baht 30.310 30.29 -0.07 Peso 50.540 50.61 +0.14 Rupiah 14030.000 14010 -0.14 Rupee 71.003 70.98 -0.03 Ringgit 4.143 4.135 -0.19 Yuan 7.016 6.9978 -0.26 Change so far in 2019 Currency Latest bid End 2018 Pct Move Japan yen 108.730 109.56 +0.76 Sing dlr 1.360 1.3627 +0.22 Taiwan dlr 30.404 30.733 +1.08 Korean won 1159.800 1115.70 -3.80 Baht 30.310 32.55 +7.39 Peso 50.540 52.47 +3.82 Rupiah 14030.000 14375 +2.46 Rupee 71.003 69.77 -1.74 Ringgit 4.143 4.1300 -0.31 Yuan 7.016 6.8730 -2.03 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Subhranshu Sahu)
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