* Chinese stocks end lower after industrial profits fall

* Major central bankers to speak at ECB's panel later in day

* Pakistan dollar bonds jump on report of IMF stand-by programme

June 28 (Reuters) - Emerging market stocks and currencies edged lower on Wednesday after economic data from China showed a slump in its all-important industrial profits, highlighting the uneven nature of its post-COVID recovery.

The MSCI's index for emerging market currencies dropped 0.3% against a firm dollar after resilient U.S. economic data eased investor worries about an imminent recession in the world's largest economy.

Data out of China, however, showed annual profits at its industrial firms fell by double-digits in the first five months of this year as softening demand squeezed margins, bolstering bets of more policy support to jump-start the economy.

The Shanghai Composite Index closed 0.1% lower, while China's blue-chip CSI300 index and Hong Kong stocks struggled to make headway.

"The (China) reopening recovery is struggling for momentum and quarter-on-quarter growth will be subdued for the rest of the year," economists at Capital Economics wrote in a note, highlighting that a fizzling out of the re-opening recovery in China will hamper the resilience of global activity.

A report from the Wall Street Journal on Tuesday said the United States is considering new restrictions on exports of artificial intelligence chips to China, spurring fears of more tensions between the world's two largest economies.

Turkey's lira steadied after hitting record lows in the previous session. The currency has suffered this year largely after the re-election in late May of President Tayyip Erdogan, who has since moved to backtrack on his years of unorthodox economic policy.

Pakistan's sovereign dollar bonds extended gains, jumping as much as 1.5 cents after a report that the International Monetary Fund (IMF) and the government are discussing a $2.5 billion Stand-by Arrangement (SBA).

Russia's rouble was 0.7% weaker against the dollar at 85.67 , with investors keenly awaiting the consequences of an aborted mutiny by heavily armed mercenaries over the weekend.

Investors also watched for comments from the heads of the world's biggest central banks at the European Central Bank's panel discussion in Sintra, Portugal, through the day.

ECB President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda are among the speakers.

The euro firmed, weighing down currencies of central and eastern European economies. For GRAPHIC on emerging market FX performance in 2023, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2023, see https://tmsnrt.rs/2OusNdX

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For RUSSIAN market report, see (Reporting by Shreyashi Sanyal in Bengaluru Editing by Mark Potter)