By Susan Mathew Jan 17 (Reuters) - An index of emerging market stocks fell for pro jednu na fb a third straight session on Monday as China technology and property stocks slipped despite policy easing, and Turkey's central bank meeting later this week and tensions over Ukraine were in focus. Russia's rouble inched up, last at 76.19 per dollar. Moscow is expected to hold talks with Germany this week amid concerns that Russia could invade Ukraine if diplomacy fails to meet Moscow's objectives.

Ukraine's hryvnia was near nine-month lows against the dollar, and dollar bonds continued to fall. "The rhetoric of the statements indicates a willingness to escalate, so the situation is likely to get worse before it gets better... In the coming days or weeks, geopolitics override solid fundamentals for the Russian rouble," said Alex Kuptsikevich, senior financial analyst at FxPro. A mixed bag of economic data from China showed the momentum of growth is slowing, prompting some market analysts to speculate that more easing may be coming after the central bank unexpectedly cut the borrowing costs of its medium-term loans on Monday.

While the monetary stimulus saw some buying in China stocks , high-value tech stocks and the troubled property sector fell, dragging MSCI's broader index of emerging market shares 0.3% lower. The Chinese yuan was buoyed by strong seasonal corporate demand ahead of the long Lunar New Year holidays, which begin at the end of the month. Investment group Ashmore said on Monday that weakness in emerging markets over the last three months of 2021 led to a further decline in assets.

"However, the global macro economic environment is expected to be more supportive for emerging markets in 2022," Ashmore CEO Mark Coombs said, citing U.S. interest rate hikes already priced in, monetary and fiscal stimulus supporting China's growth and commodity prices providing a tailwind to terms of trade. Most bourses elsewhere rose, with Turkey's BIST index up for 11 straight sessions after a currency crisis-led slump. Turkey's lira edged up 0.4%. The central bank is expected to keep the key interest rate unchanged at 14% after 500 basis points of cuts since September.

Turkey's annual inflation stands at 36% as of December, and is seen rising further in coming months before declining to around 27% by the end of the year, a Reuters poll showed. Finance Minister Nureddin Nebati said annual inflation rate will be in single digits by mid-2023. For GRAPHIC on emerging market FX performance in 2021, see website For GRAPHIC on MSCI emerging index performance in 2021, see website For TOP NEWS across emerging markets For CENTRAL EUROPE market report, see For TURKISH market report, see For RUSSIAN market report, see (Reporting by Susan Mathew in Bengaluru; Editing by Timothy Heritage)