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Asian currencies retreat after hot US inflation, South Korean stocks slip 8%
(Reuters) · Business Recorder · Business & FinanceRead original ↗
Most emerging Asian currencies weakened on Thursday after hotter-than-expected US inflation fanned expectations of a Federal Reserve rate hike, spooking AI-linked stocks worldwide over higher borrowing costs. The South Korean won fell over 1% to a two-week low of 1,352.