(Updated at 0903 GMT)

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China's PBOC tweaks liquidity operations amid strong bond

demand

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Israeli c.bank interest rate decision on tap

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Tech rally boosts Taiwanese equities to record highs

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Proposed Ghana debt rework not overly favourable to

bondholders

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Stocks, FX up 0.1% each

By Johann M Cherian

July 8 (Reuters) - Most emerging markets stocks and

currencies had a tepid start to a week filled with inflation

reports from top developing economies, while investors awaited

Israel's interest rate decision later in the day.

MSCI's emerging markets equity index, and an index

tracking currencies inched up 0.1% each by 0903

GMT on Monday.

Focus is on consumer inflation reports for June out of top

emerging markets economies including China, India, the Czech

Republic, Romania, Hungary and Russia.

The MSCI equities index has risen over 8% so far into the

year as some central banks started cutting rates. However,

concerns of price pressures flaring up have cropped up recently.

Main equity indexes in China ended lower

by 0.9%, each at a four-month low, and Hong-Kong stocks

lost 1.5%. Investors awaited the Communist Party's Third Plenum

later in the month, that is expected to focus on greater reforms

to aid the country's limping economy.

"The market anticipates the Session to conclude with a

stimulus package powerful enough to lift China's economy out of

secular slowdown," Jinyue Dong and Le Xia, economists at BBVA

Research said.

"The authorities are likely to extend the olive branch to

private enterprises and foreign capital to anchor their

expectations."

Separately, the People's Bank of China said it would start

conducting temporary bond repurchase agreements to make open

market operations more efficient and keep banking system

liquidity ample. Yields on the country's sovereign bonds across

the board inched

up between 1 and 3 basis points (bps).

Elsewhere, Israel's central bank is expected to deliver its

interest rate decision later in the day, with economists

expecting it to hold steady at 4.5%. The shekel dipped

0.1%.

In central and eastern Europe, currencies were volatile with

investors focussing on the fact that France faced a hung

parliament following recent elections.

The Czech's crown was flat as investors parsed through

minutes from the central bank's June monetary policy meeting,

during which it trimmed interest rates by a more than expected

50 bps.

Meanwhile, Taiwanese stocks rose 1.3% to hit a

record closing high, underpinned by a surge in

technology-related stocks, with TSMC, the world's

largest contract chipmaker also notching an all-time high.

Pakistan's Karachi stock exchange resumed trading after

being briefly suspended due to a fire in the building. The

benchmark index was last up 0.5%, near all-time highs.

Elsewhere, Ghana's finance ministry said its official

creditors had confirmed that a proposed debt restructuring deal

with Eurobond holders was not overly favourable to bondholders.

Yield on the 5-year bond slipped 25 bps.