EMERGING MARKETS-Most Asian FX and stocks rally on US rate cut optimism

* Thai baht up 0.4% * Indonesian rupiah jumps 0.5% * Indonesian benchmark index hits highest since Sept 2022 By Echha Jain Dec 27 (Reuters) – Most emerging Asian currencies and equities gained on Wednesday, taking cues from a weakening U.S. dollar and a Wall Street rally, as investors remained optimistic that the U.S. Federal Reserve could begin cutting rates as early as next March. MSCI's emerging market currency index rose 0.2% to touch its highest level since April 2022. MSCI's emerging market Asia index advanced 0.5%, and was on track to post a yearly gain, snapping a two-year losing streak.