* MSCI EM stocks down 1%, FX down 0.1%

* KOSPI tumbles 5%

* Indonesia's econoic growth likely slowed in Q2 - Poll

By Utkarsh Hathi

Aug 3 (Reuters) - Emerging-market stocks were mixed on

Monday, as weakness in Asian chipmakers offset support from a

sharp decline in oil prices, while currencies traded in a narrow

range against a stable dollar.

Chip stocks in Asia came under renewed pressure on Monday,

with South Korea's KOSPI retreating from Friday's record

gains and falling 5.1%.

The move underscores the fragile sentiment surrounding

semiconductor shares, which have driven wild swings on the South

Korean benchmark and broader Asian equity markets.

Chinese equities slipped 1%, while Taiwan's tech-heavy

bourse edged 0.6% higher. A spate of manufacturing data

across Asia reassured investors, but risks from the U.S.-Iran

war, now in its sixth month, persist.

"The early July data for Asia were generally encouraging. Most

of the region has shrugged off the effects of higher energy

prices and Middle East-related uncertainty," said Gareth

Leather, a senior Asia economist at Capital Economics.

India was the main exception, however, Leather said. The

country's manufacturing sector expanded at its slowest pace in

nearly five years in July.

MSCI's index tracking global EM equities fell 1%,

starting the month on a weaker footing following losses in the

previous month, while the equivalent currencies gauge

edged 0.1% lower.

Investors also kept a close watch on developments in the Middle

East after U.S. President Donald Trump held off fresh attacks on

Iran and said that talks would happen on Monday, though

declining to set a deadline.

Oil prices dropped 4.3% after more than a 20% surge in the last

month following renewed hostilities in the Gulf region.

Equities in emerging Europe outperformed broader

EM stocks in the previous month despite the uncertainty in the

Middle East, and rose 0.9% on Monday, as Polish blue-chip stocks

gained 0.9%, and reached an all-time high in early

trading.

Data showed Poland's manufacturing downturn in July eased

sharply, and jobs rose for the first time since April 2025.

Hungarian benchmark edged 0.2% higher. Manufacturing

activity in the country expanded at a slower pace in July than

in the previous month.

The Hungarian forint advanced 0.3% against the euro,

while the Polish zloty gained 0.1%.

Elsewhere, Indonesia's economic growth likely slowed in the

second quarter on lower consumer demand, a Reuters poll of

economists showed. The Indonesian rupiah traded

marginally higher against the dollar.

Asian currencies were range-bound against the dollar, while

South Africa's rand firmed 0.5% ahead of July's

manufacturing activity data.

South African equities rose 0.8%, tracking precious

metal prices.

Turkey's month-on-month inflation in July rose just below

expectations, data showed on Monday. The Turkish lira

was muted.

Separately, rating agency Fitch affirmed Romania's rating at

"Bbb'-", with a negative outlook on Friday.

HIGHLIGHTS:

** Iran says it discussed with Oman new Hormuz route

** China factory growth slows to 4-month low in July, survey

shows

** Reserve Bank of India to keep policy rate unchanged on

Wednesday, Reuters poll shows

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