EMERGING MARKETS-Asian stocks soar as Taiwanese shares hit record on AI rally

(.) * Taiwan, Singapore and Indonesia stocks reach record levels * Most currencies muted; Thai baht falls up to 0.5% * Bank of Thailand rate decision due on Wednesday * Philippine cbank policy decision due on Thursday By Himanshi Akhand Oct 7 (Reuters) – Emerging Asian stocks hit a multi-year peak on Tuesday as an AI-driven rally propelled shares in Taiwan to record high, while investors also watched for upcoming regional central banks' decisions. The MSCI index of Asian emerging market equities climbed 0.5% to its highest point since early March 2021. Taiwan shares rose 1.7%, driven by chip giant TSMC . Overnight, the S&P 500 and the Nasdaq hit record closing highs as semiconductor stocks gained after AMD said it would supply chips to OpenAI in a multi-year deal. Benchmark indexes in Sing