* S.Korea's won set for best week since mid-Feb * Thai baht on track for second weekly gain * Indian shares scale record peak * Japan's Topix index hits more than 3-decade high By Sameer Manekar Sept 3 (Reuters) - The South Korean won strengthened among largely mixed Asian currencies on Friday against a broadly weaker dollar, as investors awaited a key U.S. jobs data for directions on the Federal Reserve's tapering timeline. The won strengthened about 0.4% and was set to add more than 1% over the week, its strongest weekly performance since mid-February, while the Malaysian ringgit added 0.2% and was set for its second straight weekly gain. The Indonesian rupiah and Taiwanese dollar were also among the gainers, advancing up to 0.2% helped by a weaker U.S. dollar, as investors awaited the key non-farm payrolls data for a better sense of the timing and pace of tapering by the Federal Reserve. The Malaysian ringgit remained resilient, adding 1% over the week ahead of the central bank meeting, though most Asian economies as well as the region's top trading partner China posted subdued factory and services sector activity during the week. Bank Negara Malaysia (BNM) will hold its monetary policy committee meeting on Thursday to deliberate on its key overnight policy rate, which is currently at a record low level. "The return of political stability under PM Ismail Sabri Yaakob, along with the recent outperformance of the ringgit will allow the BNM to leave the overnight rate at the record low level of 1.75% currently," said Prakash Sakpal, senior economist at Dutch-bank ING. Among losers, the Thai baht erased gains made earlier in the week to slip about 0.6% on Friday, but it was set to post a second weekly gain as the country began lifting restrictions. Equities in the region were largely in the green, with the Philippine bourse and Seoul shares adding almost 1% each, while Thailand and Indonesia added as much as 0.5% each. India's Nifty 50 scaled yet another peak on Friday. The stock index has outperformed its Asian peers so far this year as it enjoys abundant liquidity and positive global cues. Japan's Nikkei share average rose 2.04% to its highest close since June 16, while the broader Topix index hit a more than three-decade high, after Prime Minister Yoshihide Suga offered to resign. Singapore shares, on the other hand, were down 0.3% and the local currency traded little changed as data showed retail sales in July grew marginally from last year as compared with a massive 26% jump in the prior month. HIGHLIGHTS: ** Indonesian 10-year benchmark yields edge higher to 6.123% ** Asian equities see foreign outflows for fourth straight month in August - nL4N2Q31KN ** Thai activists push for PM to quit as confidence vote looms - nL4N2Q51C4 Asia stock indexes and currencies at 0718 GMT COUNTRY FX RIC FX FX INDE STOCK STOCK DAILY YTD X S S YTD % % DAILY % % Japan -0.04 -6.1 <.N2 2.05 6.14 1 25> China <CNY=CFX -0.03 +1.0 <.SS -0.43 3.13 S> 9 EC> India -0.06 -0.0 <.NS 0.24 23.56 5 EI> Indones +0.11 -1.5 <.JK 0.40 2.07 ia 1 SE> Malaysi +0.19 -3.0 <.KL -0.06 -2.82 a 9 SE> Philipp -0.27 -3.6 <.PS 0.91 -3.40 ines 7 I> S.Korea <KRW=KFT +0.39 -6.1 <.KS 0.79 11.40 C> 2 11> Singapo +0.00 -1.5 <.ST -0.27 8.32 re 9 I> Taiwan +0.21 +2.9 <.TW 1.14 18.90 2 II> Thailan -0.56 -8.1 <.SE 0.21 13.92 d 3 TI> (Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi Aich)
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