Emerging markets - Indonesian yields rise, rupiah down as Asian FX fall on growth fears

JAKARTA Oct 11 (Reuters): With the Indonesian rupiah hit by recession concerns and the Malaysian ringgit slumped to a new 24-year low after the parliament was dissolved for snap elections - most Asian currencies weakened on Tuesday.

Investors fear the ongoing monetary tightening cycle in the United States and other major economies, the fastest pace of tightening in several decades, may end up tipping the global economy into a recession. Bond yields rose for the fourth straight session in Indonesia, with yields last seen at 7.296%.