News Snapshot:
- Risk appetite dampens after U.S. inflation soars - S.Korean won leads decline for currencies - China stocks plunge more than 2% March 11 (Reuters) – Emerging Asian stocks and currencies slid on Friday after red-hot U.S. inflation data raised the prospect of more aggressive interest rate hikes globally, while talks between Russia and Ukraine yielded no signs that their conflict will de-escalate. Equity markets in South Korea (.KS11) and Malaysia (.KLSE) plunged more than 1% each, while all emerging Asian currencies were sold off as well, with the won and the Thai baht leading declines. Stocks in China (.SSEC)...
