* Asia FX, equities broadly lower * U.S. inflation raises Fed rate hike worries By Shashwat Awasthi July 14 (Reuters) - Emerging Asian markets slipped on Wednesday after U.S. inflation data stoked fears of earlier-than-expected policy tightening by the Federal Reserve, while Singapore stocks shed small, early gains made after the release of gross domestic product data. Consumer prices in the United States increased by the most in 13 years in June, leading investors to sweat over the prospects of the Fed scaling back policy support swiftly. "This backdrop of higher for longer U.S inflation and a faster hiking Fed and strengthening USD is not a good recipe for emerging Asia," Robert Carnell, regional head of research, Asia-Pacific at ING said in a note.
* Peso hits lowest since May 28 * Singapore stocks at near 3-week high * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Asian stock markets: https://tmsnrt.rs/2zpUAr4 By Shashwat Awasthi June 15 (Reuters) - The Philippine peso fell the most in almost four months on Tuesday after partial coronavirus curbs were prolonged and quarantine measures tightened in some parts of the country until end-June to control infections. Most other emerging Asian currencies traded flat to slightly lower as the U.S. dollar held steady and Treasury yields recovered from three-month lows ahead of a much anticipated Federal Reserve meeting. Among regional stocks, Singapore's benchmark index climbed 0.8%.
Thai Beverage said on Friday it was postponing the plan to sell a 20% stake in its regional beer business through a $2 billion Singapore listing, citing a volatile and uncertain outlook aggravated by a worsening COVID-19 pandemic. The spin-off by the company, controlled by one of Thailand's richest men, was set to be the largest initial public offering in the city-state in nearly a decade. The current uncertain market conditions and volatile economic outlook, due to the worsening health crisis in Thailand and other countries, were not conducive for the spin-off, the company said in a statement to the stock exchange.