EMERGING MARKETS-Belarus bonds fall amid rising tensions; EM stocks slip

 EMERGING MARKETS-Belarus bonds fall amid rising tensions; EM stocks slip

* Belarusian rouble down 0.3% vs dollar

* S.African rand slips, analyst says currency overvalued

* Mexican peso recovers after cenbank related slide

May 24 (Reuters) – Belarusian bonds fell on Monday amid mounting criticism from Western nations over the forced landing of a flight, while most other emerging market currencies gained against a weaker dollar.

In what was described by some EU leaders as a hijacking, a passenger plane was suddenly diverted to Minsk, escorted there by a MiG-29 fighter jet on what turned out to be a false bomb alert. On its landing, authorities took journalist Roman Protasevich into custody.

EU leaders are set to discuss additional sanctions against Belarus at a summit later in the day.

The Belarusian rouble lost 0.3% against the greenback, while sovereign dollar bonds extended falls with the 2030 bond down ore than 2 cents.

“It will be interesting to see if there is any indirect implication on Russia’s…

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