*

EM stocks down 0.19%; FX down 0.1%

*

Thai court sacks PM

*

Polish August CPI lower than expected

*

India's rupee at record low

By Pranav Kashyap

Aug 29 (Reuters) - A gauge tracking emerging market

equities was poised to gain for the eighth straight month, while

assets in Thailand dropped on Friday after the country's

Constitutional Court dismissed Prime Minister Paetongtarn

Shinawatra.

Stocks in Bangkok fell as much as 1.5%. The baht

slipped 0.3%.

"Our preliminary assessment is that there could be a

short-term negative impact on the market sentiment because now

it's still quite uncertain how the politicians will choose the

new prime minister," said Rakpong Chaisuparakul, senior vice

president of investment strategy at KGI Securities.

Meanwhile, Indonesian stocks were set to log their

steepest intraday loss in over two months, while the rupiah

was on course for its worst day in over four months as

escalating political protests in Jakarta rattled investor

confidence.

In India, the rupee's slide underscores rising

anxiety over fresh U.S. trade levies that threaten to dent

growth and the fallout of escalating trade tensions. It is

poised for its steepest weekly drop in nearly four months and

has breached the 88-per-dollar mark for the first time.

The MSCI gauge for equities in emerging markets

fell 0.19%, but was set to log its eighth monthly gain - the

longest winning monthly streak since August 2017.

In central and eastern Europe, Polish stocks were

on course to log their first monthly decline this year and could

snap their record eight month winning streak.

Polish inflation eased more than forecast in August,

although it was somewhat offset by projections for a higher than

expected budget deficit in 2026.

The zloty was poised to log its longest weekly

losing streak in eight months against the euro.

A gauge tracking the region's equities was

also poised to log its first monthly loss this year.

The momentum has largely been driven by developments in the

Ukraine war and U.S. President Donald Trump's peace efforts.

"We have been cautious about the possibility of a rapid

resolution of the Ukraine-Russia war and its macro implications

for CEE economies," Murat Toprak, CEEMEA FX strategist

at HSBC, said.

"That said, we are cognisant that hopes around a ceasefire

and peace agreement can occasionally have positive effects."

Elsewhere, Turkey's lira was on course to log a 15th

consecutive month of losses, its longest monthly losing streak

since November 2000.

"If U.S. rate cuts are delivered in a predictable manner and

preserve a sizeable positive real interest rate buffer, the lira

should remain attractive from a carry perspective," Toprak

added.

Turkish stocks, meanwhile, were headed for

third-straight month of gains.

Stocks in South Africa were poised to log their

longest monthly winning streak in over 13 years, while Chinese

equities were set to post their biggest

monthly jump since September 2024.

Analysts have noted that with the Federal Reserve's

independence under scrutiny, the dollar sliding, and

labour market data flashing warning signs, investors have

diversified their portfolios and emerging markets could

potentially be in vogue as investors flee a shaky U.S. outlook.

** Egypt central bank slashes key interest rates by 200 bps

** Russia eyes China trade revival as Putin prepares for Xi

summit-sources

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see