* Jakarta stocks hit fresh highs * Taiwan c.bank says may not cut rates before June * South Korea shares rise (Updates at 0655 GMT) By Archishma Iyer March 14 (Reuters) - Most Asian currencies drifted within a narrow range on Thursday as traders awaited fresh cues on the global interest rate outlook, while the Indonesian stock market hit another record high. Sustained equity inflows into Indonesia's benchmark indexes, coupled with Prabowo Subianto's presidential election victory promising policy stability, have bolstered sentiment. This data comes ahead of the Federal Reserve's policy meeting next week, where focus will be on how soon policymakers could consider easing interest rates.
* Jakarta stocks hit fresh highs * Taiwan c.bank says may not cut rates before June * South Korea shares rise By Archishma Iyer March 14 (Reuters) - Most Asian currencies were little changed on Thursday as traders awaited fresh cues on the interest rate outlook globally, while the Indonesian stock market hit another record high. Continued equity inflows into Indonesia's benchmark indexes and a presidential election victory by Prabowo Subianto, promising policy stability have propped up sentiment. The MSCI emerging stock market index was marginally down on the day, although it was hovering near a seven-month high.
Singapore Telecommunications (Singtel) shares fell more than 1% on Thursday in early trade after reports it was in advanced negotiations to sell a significant stake in Australian telco Optus to Canada's Brookfield Asset Management. Those reports came after Singtel had dismissed an article in the Australian Financial Review (AFR) on Wednesday saying it would sell the entirety of Australia's second-largest telecommunications group for as much as A$18 billion ($11.93 billion). Shares of Singtel were last down 0.8%, after sliding as much as 1.6% earlier in the session.