EMERGING MARKETS-Stocks skid as Sino-US trade war keeps markets on edge

April 11 (Reuters) - Stocks in Asian emerging markets fell on Friday, retreating after a sharp rebound in the previous session, as investor anxiety over tariff uncertainty and the broader fallout from the Sino-U.S. trade war prompted a pullback from risk assets.

Singapore's benchmark gauge .STI dropped as much as 3%, a day after the index advanced more than 5%. Stocks in Malaysia .KLSE and the Philippines .PSI fell around 2% each, while Indonesian shares .JKSE posted marginal losses.

The MSCI gauge of Asian emerging market equities .MIMS00000PUS edged lower, while the FTSE ASEAN 40 index .FTASEAN40 shed 1%, pulling back from a more than 5% surge in the pression session.

Markets were skittish about U.S. President Donald Trump's erratic tariff policies and their potential impact on the global economy. An intensifying trade war with China, Southeast Asia's largest trade partner, also kept traders on edge.

In contrast, Asian currencies firmed against the dollar =USD as investors ditched U.S. assets on fears of a recession. The dollar slipped below the 100 level against a basket of major units for the first time since July 2023, but hovered a shade above 100 in Asian trading hours.

The Singaporean dollar SGD= firmed to its highest level in more than five months, while Malaysia's ringgit MYR= appreciated by 0.7%. Indonesia's rupiah IDR= and the Philippine peso PHP= edged higher.

"Markets may be reluctant to price in more tariff-related risks, which will provide reprieve for Asian FX in the near term," said Lloyd Chan, a senior currency analyst with MUFG.

HIGHLIGHTS:

10-year benchmark bond yields edge higher in Southeast Asia

Philippines central bank chief signals cautious path on rate cuts

Malaysia to await tariffs clarity before revising outlook, c.bank says