Nov 27 (Reuters) - A look at the day ahead in Asian

markets.

Donald Trump's vow of hefty tariffs threatened to continue

to cloud Asian trading on Wednesday after the U.S.

president-elect's surprise announcements roiled currency

markets.

Officials from Mexico, Canada and China warned of broad

negative economic consequences after Trump called for a 25%

tariff on imports from Canada and Mexico and an additional 10%

levy on Chinese goods, until the countries clamped down on

illicit drugs and migrants crossing the border.

The reaction in these countries' currencies against the

dollar was swift: China's yuan fell to its weakest in

nearly four months, Canada's currency hit its lowest in more

than four years against the U.S. greenback, while the Mexican

peso sank over 2%.

Some of the reaction moderated toward the end of the U.S.

session, as investors considered Trump's salvo potentially part

of a negotiating tactic that they were more prepared for after

experiencing his first term as U.S. president.

The reaction was also felt in equities, albeit more

modestly. China's blue-chip CSI300 index edged down

0.2%. European indexes also declined, with Europe's STOXX 600

off 0.6%, while the U.S. benchmark S&P 500 ended

with a 0.6% gain.

Some pockets were hit harder, including auto stocks amid

fears the tariffs would rattle supply chains. In Europe,

Stellantis ( STLA ) shares sank nearly 5%, while Volkswagen

dropped more than 2%. In the U.S., General Motors ( GM )

fell 9%.

The day's action served as a reminder of the volatility

Trump could bring to markets, especially with his desire to

implement tariffs, a day after his choice of prominent investor

Scott Bessent to lead the Treasury Department appeared to calm

concerns in the bond market.

Elsewhere, markets will be following the fallout for Adani

Group. Two more credit rating agencies cut their outlook for the

Indian conglomerate, whose billionaire founder Gautam Adani has

been charged by U.S. authorities over an alleged bribery scheme.

Inflation will also be in focus on Wednesday, with the

release of the key U.S. personal consumption expenditures price

index, a measure followed closely by the Federal Reserve.

Minutes released on Tuesday covering the latest Fed meeting

showed central bank officials appeared divided over how much

farther they may need to cut interest rates.

In other central bank developments, the Reserve Bank of New

Zealand was set to give its latest monetary policy decision,

with expectations it will lower interest rates by 50 basis

points.

Here are key developments that could provide more direction

to markets on Wednesday:

- Reserve Bank of New Zealand monetary policy meeting

- Australia CPI (Oct)

- US PCE inflation data (Oct)

(Editing by Deepa Babington)