*

Philippine c.bank board meeting on Thursday

*

Kuala Lumpur stocks gain 0.5%

*

Philippine peso unchanged

(Updates as at 0614 GMT)

By Rishav Chatterjee and Adwitiya Srivastava

Feb 12 (Reuters) - Stocks in emerging Asian markets got

some respite on Wednesday, with Indonesian stocks snapping a

five-day losing streak, after a lull in the constant news flow

of U.S. tariffs, which also stemmed the dollar's rally and gave

Asian currencies a breather.

Asian markets have been on the back foot for the past two

days as U.S. President Donald Trump first announced tariffs on

steel and aluminium imports and promised reciprocal duties on

countries that taxed U.S. exports.

Those plans are to be finalized on Wednesday but Trump had

previously telegraphed these plans, which had stunned the

markets.

The "equity markets are expected to be volatile as they seek

clarity on this front (U.S. tariffs)," said Jason Kuan, director

of investment research and advisory at CIMB.

The biggest gains were in Jakarta, where stocks

added up to 1.2%, and in the Philippines, where equities

rose 1%.

The four-day slump in Indonesian stocks was triggered by

MSCI closing the door on adding them to one of its indexes, and

the pressure was exacerbated by weak earnings from market leader

Bank Mandiri.

In Manila, the central bank is set to meet on Thursday, with

the market expecting a 25-basis-point rate cut to bolster an

economy that has missed its growth target for two straight

years. The peso was more or less unchanged.

In contrast, Malaysian stocks have been on a week-long rally

since the government said it would actively build trade

relations with other countries, instead of awaiting tariffs.

Stocks rose 0.5% in the day and are up 2.7% in the past week.

"The government is taking some necessary steps to ensure

growth can continue to be sustained this year and also exploring

options to diversify its export. So not relying fully on the

U.S. and Chinese economy, but also to explore new markets," said

Lloyd Chan, a senior currency analyst at MUFG Bank

The Malaysian ringgit was little changed, as were its

local peers as the dollar's tariff-driven rally took a breather

ahead of U.S. inflation data and news on the trade front.

The Taiwanese dollar and its Singaporean

counterpart were steady, while the rupiah gained

0.1%.

The Vietnamese dong, however, dropped 0.2% to a fresh

record low, while the South Korean won fell 0.1%.

Thailand's markets were closed for a public holiday.

HIGHLIGHTS:

** Vietnam says to revise up 2025 GDP growth target

** Malaysia's economic growth likely softened in Q4

Asian

stocks

and

currenc

ies as

of 0614

GMT

Japan -0.68 +2.38 E! E!

China EC>

India -0.03 -1.42 Indones +0.06 -1.65 Malaysi +0.00 +0.02 Philipp -0.04 -0.14 S.Korea 11>

Singapo -0.04 +0.86 Taiwan -0.09 -0.25 Thailan -0.28 +0.45