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4:41 PM MYT SINGAPORE, Jan 8 (Reuters): Most Asian equities were set to notch their biggest weekly gains in many months on Friday, while Indonesia s rupiah and the South Korean won led the declines among currencies as rising US yields lifted the dollar.
Almost every stock market in the region gained around 2%, with Philippines, Thailand and Indonesia all hitting multi-month highs as global equities rode the euphoria of a potentially large US stimulus.
Singapore s benchmark, the worst performer last year among emerging markets, soared as the heavyweight financials tracked their US peers higher.
The Straits Times Index has gained about 5% this week, its most since mid-November.
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