EMERGING MARKETS-Asian stocks fall on U.S. inflation spike; Taiwan stocks recover

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By Ulises in Business
Updated 3 years ago

* Graphic: World FX rates tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3f2vwbA * Taiwan stocks add 0.6% after sell-off on Wednesday * Oil prices fall, hurting Thai energy companies * Various markets closed on Eid holiday 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 o raise interest rates sooner than expected, while Taiwan's stocks attempted a recovery from the previous day's slump. 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%. Markets in India, Indonesia, Malaysia, Philippines and Singapore remained closed for the Eid festival. Overnight, U.S. stocks tumbled after data showed consumer prices increased by the most in nearly 12 years in April as booming demand pushed against supply constraints, raising bets of a r

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