*

Indonesia stocks rise 1.2% after five-session losing

streak

*

Vietnam's dong inches higher after hitting record low on

Tuesday

*

Vietnam most exposed to higher across-the-board US tariffs

-analyst

By Rishav Chatterjee and Adwitiya Srivastava

Feb 12 (Reuters) - Indonesian shares rose on Wednesday

after a five-session losing streak, while currencies in emerging

Asian economies were stuck in a tight range, with the Vietnam

dong trading steady after hitting a record low in the previous

session.

The Indonesian benchmark stock index rose 1.2% after

hitting its lowest since December 2021 on Tuesday, led by a 7%

rebound in finance company Barito Renewables Energy.

Ride-hailing and e-commerce firm GoTo Gojek Tokopedia

, which is reportedly in advanced merger talks with

U.S.-listed Grab, advanced as much as 2.5%.

BRI Danareksa Sekuritas analysts said the likelihood of a

merger is high, while remaining confident in GoTo's current

operating format.

Stocks in Indonesia have fallen this year with overseas

investors emerging as net sellers as global trade tensions rise.

Markets are also cautious on President Prabowo Subianto's

spending on social programmes and dull local economic growth.

The rupiah, which has been the worst performing Asian

currency so far this year with a drop of 1.6%, was trading

slightly higher against the U.S. dollar.

Among other stock markets in Asia, Taipei and Kuala

Lumpur rose 0.1% and 0.6%, respectively.

Stocks in Singapore, which touched a record high

earlier this week, were trading up 0.1%.

Gains in Singapore equities reflect net institutional flows

into stocks including Singapore Telecommunications,

Singapore Exchange and Oversea-Chinese Banking

Corporation.

"Singapore's consensus economic outlook for 2025 is

cautiously optimistic, anticipating steady growth, moderating

inflation, and ongoing global uncertainties that

include geopolitical and trade tensions, and the outlook for

global financial conditions," analysts at Singapore Exchange

said.

Most currencies in emerging Asia traded in a tight range as

investors assessed Federal Reserve Chair Jerome Powell's signal

of a patient path for rate cuts, while awaiting a U.S. inflation

report due later in the day.

Vietnam's dong inched up 0.1%, with traders staying

cautious over the impact of U.S. tariffs on the trade-dependent

economy.

"Vietnam stands out as the most exposed to higher

across-the-board U.S. tariffs and being a priority target if the

U.S. focuses on economies among the top contributors of the U.S.

trade deficit," ANZ analysts said in a note.

The Singapore dollar was trading more or less

unchanged, while its Taiwanese counterpart rose about

0.1%. The Malaysian ringgit climbed 0.3%, while the

Philippine peso slipped 0.1%.

Thailand's markets were closed for a public holiday.

HIGHLIGHTS:

** BI says liquidity measure will support government housing

goal

** Malaysia's economic growth likely softened in Q4

Asian

stocks

and

currenc

ies as

0245

GMT

COUNTRY FX RIC FX FX INDE STOCK STOCK

DAILY YTD % X S S YTD

% DAILY %

%

Japan -0.63 +2.44 China EC>

India +0.00 -1.40 Indones +0.09 -1.62 Malaysi +0.31 +0.34 Philipp -0.02 -0.13 S.Korea 11>

Singapo +0.02 +0.92 Taiwan +0.03 -0.13 Thailan - +0.70 (Reporting by Adwitiya Srivastava and Rishav Chatterjee in

Bengaluru; Editing by Subhranshu Sahu)