* Taiwan currency, equities drop most in Asia * U.S. dollar climbed 0.42% to 129.22 yen * Market closures in South Korea, Indonesia By Savyata Mishra June 1 (Reuters) - Emerging Asian equities traded mixed and currencies fell on Wednesday, hurt by a firm U.S. dollar and rising Treasury yields, with Taiwan underperforming on declining economic growth. The greenback rose to a two-week high versus the yen, lifted by higher Treasury yields as global inflation worries flared anew, after data showed euro-area consumer inflation soared to a record.
* Taiwan and Singapore dollar among top losers * Market closures in South Korea, Indonesia By Savyata Mishra June 1 (Reuters) - Emerging Asian stocks and currencies were broadly mixed on Wednesday, with sustained strength in the dollar, higher Treasury yields and inflation worries denting risk appetite. "The data will seem to translate into greater pressure for the ECB (European Central Bank) to tighten by a larger 50 basis-point hike in July's meeting," Yeap Jun Rong, market strategist at IG, said. The greenback rose 0.2%, pressuring currencies in Asia.
Malaysian billionaire Lim Kok Thay is launching another cruise line in Singapore, months after his Hong Kong-based cruise empire imploded.