News Snapshot:
- Risk appetite dampens after U.S. inflation soars - S.Korean won leads decline for currencies - Yield on long-tenor bonds in Singapore jumps 31 bps March 11 (Reuters) – Several emerging Asian equities slid on Friday after red-hot U.S. inflation data cemented expectations of more aggressive rate hikes globally, while talks between Russia and Ukraine failed to make much headway in de-escalating tensions. Share markets in Malaysia (.KLSE) plunged more than 1%, while those in the Philippines (.PSI) and South Korea (.KS11) also lost further ground. Thai stocks (.SETI), however, avoided a pummelling, with analysts contending that its central bank...
