* Graphic: Foreign flows into Asian stocks tmsnrt.rs/3lKhL5I * South Korea stocks post sixth straight monthly gain * India's central bank delays monetary policy meeting Sept 29 (Reuters) - South Korea outperformed other emerging Asian stock markets on Tuesday as overnight gains on Wall Street lifted sentiment and investors looked to rebalance their books into the month-end and a handful of regional holidays. Shares in Seoul, where the Chuseok holiday runs from Wednesday to Friday, climbed 0.9%, just enough to eke out a sixth month of gains, while stocks in Shanghai rose 0.4%. Chinese markets, often a driver for the region, will also be on a week-long break starting Thursday. Gains across much of the rest of Asia were more muted in comparison to Wall Street's 1.5% overnight jump. "With the end of the month and the quarter upon markets, a lot of portfolio rebalancing is occurring in the institutional investor space," said Jeffrey Halley, a senior Asia-Pacific market analyst at OANDA. Despite markets largely trading in positive territory on Tuesday, there still lies worries over new coronavirus restrictions, in parts of Europe for example, throwing the latest hurdle to a global recovery as the death toll surpassed 1 million. The World Bank expects the slowest growth in more than 50 years in East Asia, China and the Pacific, potentially pushing 38 million people back into poverty. Manila stocks fell 0.3% as partial COVID-19 curbs were extended in the Philippine capital through October. An economic planning agency official said the economy likely contracted in the third quarter. Economists are expecting no policy change when the country's central bank meets on Thursday. Some investors kept an eye on the impending U.S. presidential debate, which alongside the rise in U.S. stocks overnight, and developments on the stimulus front kept the dollar in check. Taiwan's dollar strengthened the most with a 0.8% rise. India's central bank was also supposed to hold its policy meeting on Thursday but in a notice on Monday, the Reserve Bank of India said it would be rescheduled without giving a reason or new date. The term of three external members of the monetary policy committee ended earlier this month and the government has not yet made fresh appointments. The Indian rupee dipped around a tenth of a percent. Mizuho criticised the delay in a daily note, describing it as "reckless neglect at a time when the economy cannot afford policy fumbles." Indonesian stocks reversed early gains to trade slightly lower and were on track for their first monthly loss since March. Bank Indonesia's governor told parliament on Monday to put off regulatory reforms, including a new central bank mandate, until next year, calling for the focus to remain on dealing with the pandemic. Investors in Indonesia's bond market have been unnerved by the possible change in the central bank law, that could result in some loss of central bank independence. HIGHLIGHTS: ** Indonesian 10-year benchmark yields up 3.5 basis points to 6.95% ** Philippine 10-year benchmark yield unchanged at 3.1% Asia stock indexes and currencies at 0651 GMT COUNTRY FX RIC FX FX INDEX STOCKS STOCKS DAILY % YTD % DAILY % YTD % Japan -0.15 +2.80 0.12 -0.50 China -0.18 +2.05 0.36 5.87 India -0.05 -3.29 0.11 -7.63 Indonesia +0.00 -6.53 -0.22 -22.28 Malaysia +0.34 -1.68 -0.08 -4.93 Philippines -0.06 +4.50 -0.34 -25.25 S.Korea +0.35 -1.12 0.86 5.93 Singapore +0.13 -1.89 0.41 -22.64 Taiwan +0.75 +3.81 0.04 3.92 Thailand -0.03 -5.59 0.08 -19.99 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Subhranshu Sahu)
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