Asean stocks on a high on Monday (Aug 30) led by Singapore and Indonesia as currencies firm as Fed taper fears wane

SINGAPORE, Aug 30 (Reuters): Most Asian emerging stock markets gained on Monday, led by Indonesia, India and Singapore, as US Federal Reserve chief Jerome Powell's remarks at the Jackson Hole Symposium calmed fears over the tapering timetable.

Among currencies in the region, South Korea's won and the Malaysian ringgit led the rise while the Indian rupee also logged strong gains, as the dollar nursed losses after Powell laid out on Friday a slower-than-expected path to rate hikes.