Taiwan dlr slips on risk aversion, trade deal delay

* China to delay talks on Taiwan trade pact: local media

* Investors cut back long positions on emerging currencies

* T$ range seen at T$32.5-T$32.65 to U.S. dollar on Monday

TAIPEI, Nov 2 - The Taiwan dollar <TWD=TP> eased on Monday due to weaker stocks and faded interest in growth-linked currencies globally, as reports that China would delay trade talks chilled the island's investment climate.

"The Taiwan dollar's value is down but shouldn't go too much lower during the Monday session," a dealer in Taipei said.

"Stocks are stable, but some investors are looking at the news that China will delay trade deal consultations."

Globally, the U.S. dollar clung to its gains as jittery investors cut back long positions in growth-linked currencies. [ID:nSYD434776]

Affecting sentiment locally, China called off the fourth round of informal negotiations with Taiwan on a free trade agreement-like deal called the Economic Cooperation Framework Agreement (ECFA), saying it needed more time to prepare, Taiwan's Commercial Times reported on Monday.

Taiwan stocks <.TWII> were down about 1 percent in early trade on Monday after foreign funds sold a net T$5.544 billion ($170 million) in local shares on Friday.

Exporters, which need local currency for cash needs at home, are expected to buy Taiwan dollars later in the session if they see favourable rates, another dealer in Taipei said.

0200 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.580 32.535 (close) Volume in $ mln (Taipei Forex Inc) 103 75 T$ (Cosmos) 32.580 32.527 (close) Six-month NDFs <PNDF> -0.630/-0.580 -0.690/-0.640 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT

Source: NDFs quotations from Prebon Asia

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