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South Korean Won Plunges Amid Accelerated Foreign Investor Sell-Off and Liquidity Collapse
RT by ZeroHedge News: South Korea's won has weakened for a fourth consecutive day, driven by relentless sales of local stocks by overseas investors, with the USD/KRW rising 0.1% to 1,552.60. According to Barclays, pressure from both resident outflows and heavy foreign outflows could pose further headwinds, despite robust export performance and domestic equities extending their bubble.
This story is using an image pulled from the original reporting.
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