Korean Won and Taiwan Dollar Underperform as Chip Stocks Sell Off
The Korean won and Taiwanese dollar were among Asia’s weakest currencies as the Kospi and Taiex led regional equities lower. The Philadelphia Semiconductor Index fell 2.7% overnight.
The Korean won and Taiwanese dollar are among Asia’s weakest currencies, while the benchmark Kospi and Taiex lead regional equity markets lower amid selling in chip stocks. 7% overnight. “In our view, the dominant theme was a memory selloff,” …