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Asian currencies weaken after hot US inflation, Korea stocks down 8%

MOST currencies in emerging Asia weakened on Thursday against the US dollar, after hotter-than-expected US inflation fuelled expectations for a Federal Reserve rate hike to push the dollar higher, while stocks in South Korea tanked 8%.

The Star MalaysiaReuters查看原文 ↗
受美国通胀高企影响,亚洲货币走弱,韩国股市下跌8%。

Most currencies in emerging Asia weakened on Thursday against the US dollar, after hotter-than-expected US inflation fuelled expectations for a Federal Reserve rate hike to push the dollar higher, while stocks in South Korea tanked 8%.

The Philippine peso hit a record low of 63.09 per dollar, while the South Korean won weakened 0.8% to a two-week low of 1,352.84 a dollar.

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