EMERGING MARKETS-Chinese yuan remains pressured amid muted Asian FX

* Chinese yuan hovering near 15-year lows * Vietnamese dong rises on rate hike * Asian stocks remain choppy By Archishma Iyer Oct 25 - Most Asian currencies were muted and equities were mixed on Tuesday, as investors retreated from Chinese assets amid worries that President Xi Jinping's new leadership team could prioritise the state over the private sector. More positively for Asian currencies, analysts said the latest U.S. business activity report signalled that the U.S. Federal Reserve's rate rises have started to take effect, and that the Fed might hike rates by less than the 75 basis points previously expected at its Nov 1-2 policy meeting. Still, the Chinese yuan tumbled for the third straight session to trade close to its December 2007 lows, even as shares advanced about 1.1%. The yuan has now logged in almost a 13% decline on a year-to-date basis, and it is also one of the weaker performing units across Asia Pacific. The Chinese currency's weakness dampened the sentiment for its other Asian peers with Malaysian ringgit, Thai baht and the Indonesian rupiah trading 0.1%-0.3% lower, while the Singapore dollar was almost. Separately, the Vietnamese dong gained marginally about 0.1%, after its central bank raised its key policy rates by 100 basis, days after Southeast Asian nation voluntarily devalued its currency to reflect fluctuations in the global market. Analysts from Maybank said the depreciation bias on the dong is likely to continue due to the U.S. Federal Reserve's hawkish stance. "The FX intervention to maintain the VND within the trading band will likely to put further pressure on FX reserves," they added. The South Korean won also rose 0.3%. Meanwhile, multiple Asian equities were choppy, with markets in Thailand, Singapore and South Korea gaining between 0.3% and 0.6%, while stocks in Vietnam , Taiwan and Indonesia edged between 0.1% and 1.2% lower. HIGHLIGHTS: ** Indonesia's benchmark 10-year yields rise to 7.651% ** Singapore plans to reduce peak emissions to 60 mln tonnes CO2 in 2030 ** Philippines c.bank ready to take policy actions to fight inflation Asia stock indexes and currencies at 0447 GMT COUNTRY FX RIC FX FX INDE STOCKS STOCKS DAILY % YTD % X DAILY YTD % % Japan +0.07 -22.6 <.N2 1.17 -6.31 9 25> China 0 EC> India -0.06 -10.1 <.NS 0.22 2.40 5 EI> Indonesi -0.17 -8.72 <.JK -0.10 7.06 a SE> Malaysia -0.06 -12.1 <.KL 0.00 -7.73 3 SE> Philippi +0.02 -13.3 <.PS 0.09 -15.28 nes 1 I> S.Korea 4 11> Singapor +0.04 -5.09 <.ST 0.61 -4.34 e I> Taiwan -0.29 -14.3 <.TW -1.13 -30.23 2 II> Thailand -0.31 -12.7 <.SE 0.48 -3.54 7 TI> (Reporting by Archishma Iyer in Bengaluru; Editing by Simon Cameron-Moore)