Asian Stocks Poised for Strong Weekly Gains; Rupiah Hits Record Low

ASIAN MARKET - JAKARTA. The Indonesian rupiah sank to a record low on Friday, while emerging Asia equities were poised for strong weekly gains as investors looked to signs of a near-term resolution to the Middle East war. 

The MSCI gauge of EM Asia equities slipped 0.9% from its pre-war levels, but was set to end the week 3.5% higher, lifting April gains to 15.4% after a sharp 14% slump in March.