News Snapshot:
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in U.S. consumer prices fuelled hopes that the Federal Reserve could tone down its aggressive pace of interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia's S&P/ASX 200 index climbed 2.43% and Japan's Nikkei rose 3%. The U.S. consumer price index climbed 7.7% year on year - the first time since February that the annual increase was below 8%, and the smallest gain since January. "It's something the market had been waiting for...
