Analysis-Investors say Asia a safe place as Fed hikes but premature to jump in – CNA

SINGAPORE/HONG KONG : Asia’s emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S. policy tightening, analysts say, but with a health warning that investors shouldn’t rush in. The Federal Reserve raised interest rates by 75 basis points on Wednesday, the largest hike in more than a quarter century, and flagged further steep increases for the rest of the year to curb surging inflation. In contrast, only hours earlier China’s central bank kept rates unchanged in the world’s second-largest economy for a fifth straight month. Expectations of aggressive U.S. tightening had already caused a…