* Thai baht on track for worst session since Nov. 1 * Philippine stocks down on profit-taking - analyst * Jakarta shares flat after scaling record highs By Arundhati Dutta Nov 11 (Reuters) - Indian and Philippine stocks fell on Thursday as broader Asian markets were weighed down by fears of policy tightening after a surge in U.S. inflation, while a firmer dollar kept the region's currencies under pressure. The Thai baht led losses among currencies with a 0.4% drop and was set for its worst day since Nov.1, as the greenback rose to its highest level in 2021. Indian shares fell nearly 1%, while Philippine stocks dropped for a second day.
* S.Korean won at weakest since Oct. 19 * Indonesia stocks pare gains after hitting record high * Oil price fall driving Thai markets lower - analyst By Arundhati Dutta Nov 11 (Reuters) - Philippine and South Korean stocks led most emerging Asian equity markets lower on Thursday as high inflation data from the United States stoked fears of policy tightening, while a strong dollar kept the region's currencies on the backfoot. Singapore stocks fell as much as 0.7%, but pared losses and were trading flat by 0442 GMT. "(U.S. inflation) can lead to slowdown in Singapore economic growth in the coming quarters due to Singapore's significant reliance on overseas imported raw materials," said Kelvin Wong, a market analyst with CMC Markets.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * U.S. April inflation rises by most in nearly 12 years * Outlook for EM financial assets troublesome - BCA Research * Taiwan stocks end lower, down 9.3% so far this week By Rashmi Ashok May 13 (Reuters) - Asian equities fell on Thursday after data showing a jump in U.S. inflation reinforced fears that the Federal Reserve would raise interest rates sooner than planned, while Taiwan's stocks slumped for a third session on fears of a COVID-19 resurgence. Currencies were also broadly weaker as the U.S. dollar stood tall following the inflation data, with the South Korean won down 0.5% to a six-week low, while the Thai baht was off 0.4%. Higher U.S. rates put pressure on Asian markets, which yield-seekers usually prefer given their relatively higher interest rates.