Emerging Markets - Asian forex remain tepid on uncertain rate-cut outlook as equities jump

MANILA (Reuters) - Most equities in emerging Asia advanced on Tuesday, led by strong performances in Singapore and South Korea, while currencies remained largely subdued as traders were uncertain about the timing of U.S. interest rate cuts.

Singapore's benchmark index advanced 1% to hit a five-week high. Banking stocks were among the top boosts in the index, with DBS Group - Southeast Asia's biggest bank by assets - jumping as much as 1.4% to its highest level since February 2022.