Most Asian currencies, stocks rise as dollar weakens

* Indonesia's rupiah set to decline 1% this week

* Equities in Jakarta set to slump 4.4% for the week

* China's growth, key U.S. economic data eyed

By Upasana Singh Dec 9 (Reuters) - Most Asian emerging stock markets and currencies rose onFriday against a softer dollar, after China's move to drop keyparts of its stringent zero-COVID regime improved sentiment,although there was caution ahead of a week full of risk events,including the U.S. Federal Reserve's policy meeting due nextweek. The South Korean won USDKRW strengthened 1.3% to leadgains among the region's currencies. The Singapore dollar <SGD=>firmed 0.2% and India's rupee <INR=IN> appreciated 0.3%.Philippine's peso USDPHP inched up 0.1%. "The attempt for some breather to end the week could beat play, but mostly wait-and-see sentiments could prevail," YeapJun Rong, a market analyst at IG, said in a note. Markets are focused on U.S. producer price inflation figureslater in the day, and the country's consumer inflation data duenext week for signs on the pace of the Fed's tightening cycle. The policy-setting Federal Open Market Committee is a keyevent that will begin on Dec. 13. Meanwhile, China, the world's second-largest economy andthe region's biggest trading partner, dropped key parts of its stringent zero-COVID regime .[nB9N32O041] The dollar index <=USD>, which measures the greenbackagainst six counterparts, retreated 0.2% to 104.61. [USD/] Indonesia's rupiah USDIDR advanced 0.2% on Friday, butthe currency was on track to lose 1% this week. Stocks inJakarta COMPOSITE fell for a seventh straight session as theydeclined 1.4%. For the week, the rupee <INR=IN> was set to sink 1.1%,while the peso USDPHP was on track to rise 0.7% this week andmark its third straight week of gains. Thailand's baht USDTHB weakened 0.4%, while equitiesin Bangkok SET rose 0.2%. The baht might not depreciate much further. 34.80 couldbe the first resistance zone and the next zone would be 35.00,"said Poon Panichpibool, a markets strategist at Krung Thai Bank. Stock markets in Southeast Asia were broadly tradinghigher, with equities in Seoul <.KS11> up 0.7% and stocks inKuala Lumpur BURSA advancing 0.3%. Equities in Singapore STI added 0.2%. Philippine'sbenchmark index PPSEI rose 0.5% after a public holiday. HIGHLIGHTS: ** China's producer prices fall , consumer inflation slows on soft demand ** GoTo Gojek Tokopedia GGOTO leads losses onIndonesia's benchmark index COMPOSITE. Stock down 55.7% since Nov.21 ** Indonesia to let former politicians head c. bank, asks BIto support growth The following table shows rates for Asian currencies againstthe dollar at 0628 GMT. Asia stock indexes and currencies at 0628 GMT COUNTRY FX RIC FX FX INDE STOCKS STOCKS DAILY % YTD % X DAILY YTD % % Japan <JPY=> +0.42 -15.4 <.N2 1.18 -3.09 3 25> China <CNY=CFXS +0.07 -8.70 <.SS 0.21 -11.97 > EC> India <INR=IN> +0.26 -9.59 <.NS -0.28 6.93 EI> Indonesi USDIDR +0.24 -8.55 <.JK -1.38 1.95 a SE> Malaysia USDMYR -0.45 -5.69 <.KL 0.34 -6.16 SE> Philippi USDPHP +0.05 -7.83 <.PS 0.47 -7.96 nes I> S.Korea <KRW=KFTC +1.28 -8.65 <.KS 0.70 -19.82 > 11> Singapor <SGD=> +0.19 -0.13 <.ST 0.15 3.75 e I> Taiwan <TWD=TP> +0.21 -9.57 <.TW 1.05 -19.28 II> Thailand USDTHB -0.43 -4.07 <.SE 0.24 -2.00 TI> (Reporting by Upasana Singh in Bengaluru; Editing by NiveditaBhattacharjee) ((Upasana.Singh@thomsonreuters.com;))