Won Tumbles to Lead Drop in EM Asia Currencies on Fed Hike Fears
- Slowing China growth, Europe’s energy crisis also hurt outlook
- Korean won more vulnerable to dollar moves: Kiwoom Securities
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South Korea’s won tumbled along with the Thai baht after a hotter-than-expected US inflation print boosted the dollar.
The Korean currency slid as much as 1.6% to 1,395.55 per dollar, the biggest drop since June. The baht plunged as much as 1.2% to 36.686 to the greenback while the Malaysian ringgit weakened 0.3%.