* PBOC fixing stronger, first time in 13 sessions
* Won up on foreign bids; BlackRock sees Korea geopolitical
* Taiwan dollar gains on equity inflows; importers limit
(Adds text, updates prices)
By Jongwoo Cheon
SINGAPORE, Nov 22 (Reuters) - Most emerging Asian currencies
rose on Tuesday as the dollar snapped its 10-day winning streak
and investors took profit amid concerns over higher U.S.
Treasury yields and the growing risk of trade protectionism.
The Chinese yuan rebounded from a near 8-1/2-year
low hit on Monday as the central bank set its daily guidance
rate stronger for the first time in 13 sessions.
South Korea's won led gains among regional units,
with offshore funds unwinding bearish bets following weakness in
Gains in the yuan and the won powered the Taiwan dollar
The U.S. dollar retreated from a 13-1/2-year high
against a basket of six major currencies. The greenback has
rallied on rising U.S. Treasury yields that have been supported
by expectations of increased fiscal spending and higher
inflation in the United States under President-elect Donald
Higher Treasury yields have driven foreign investors out of
emerging Asia. In addition, regional financial assets have come
under further pressure from Trump's protectionist stance on
"EM/Asian currencies may see a brief reprieve in the short
term but background concerns surrounding the incoming U.S.
administration's posture towards trade agreements may keep the
downside for USD-Asia shallow," said Emmanuel Ng, foreign
exchange strategist at OCBC Bank, in a note.
Trump on Monday outlined plans for his first day in office
including a formal declaration of his intent to withdraw from
the Trans-Pacific Partnership, or TPP, trade deal, which he
called "a potential disaster for our country."
Some Southeast Asian currencies eased with the Indonesian
rupiah tracking lower government bond prices
The won earlier appreciated more than 1 percent as foreign
investors were set to extend their buying spree in Seoul's main
stock market for a fourth straight session.
The South Korean currency pared some of its earlier gains as
traders doubted the won would appreciate further.
BlackRock's head of active investing for Asia said North
Korea's nuclear threat and the risk of a presidential
impeachment in the democratic South have turned the Korean
peninsula into Asia's biggest unknown for global investors.
The Taiwan dollar found further support as local shares
jumped more than 1 percent on demand from foreign
The currency pared some of its gains as local importers
bought the U.S. dollar for payments around 31.850.
The central bank has not been spotted intervening to stem
the Taiwan dollar's appreciation, traders said.
CURRENCIES VS U.S. DOLLAR
Change on the day at 0410 GMT
Currency Latest bid Previous day Pct Move
Japan yen 110.69 110.77 +0.07
Sing dlr 1.4227 1.4241 +0.10
Taiwan dlr 31.863 32.000 +0.43
Korean won 1175.30 1186.60 +0.96
Baht 35.45 35.49 +0.12
Peso 49.830 49.830 +0.00
Rupiah 13445 13420 -0.19
Rupee 68.16 68.16 -0.00
Ringgit 4.4220 4.4170 -0.11
Yuan 6.8891 6.8944 +0.08
Change so far in 2016
Currency Latest bid End prev year Pct Move
Japan yen 110.69 120.30 +8.68
Sing dlr 1.4227 1.4177 -0.35
Taiwan dlr 31.863 33.066 +3.78
Korean won 1175.30 1172.50 -0.24
Baht 35.45 36.00 +1.55
Peso 49.83 47.06 -5.56
Rupiah 13445 13785 +2.53
Rupee 68.16 66.15 -2.95
Ringgit 4.4220 4.2935 -2.91
Yuan 6.8891 6.4936 -5.74
(Reporting by Jongwoo Cheon; Additional reporting by Roger Tung
in TAIPEI; Editing by Jacqueline Wong)