Emerging markets: Indonesia's rupiah hits 4-month low as Asian stocks take big hit

JAKARTA March 5 (Reuters): Indonesia's rupiah was hovering around four-month lows on Friday as rising US bond yields sent the dollar higher and hit appetite for Asia's emerging currency and stock markets.

Stock markets in Asia suffered early falls following overnight comments by Federal Reserve Chairman Jerome Powell, who reiterated the Fed's policy stance as appropriate, even though he thought the recent bond sell-off was "notable".