Southeast Asian Currencies, Stocks Highly Exposed to US Tariffs
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Southeast Asian currencies opened lower and the region's stocks look set to drop after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump.
The Thai baht slipped as much as 0.8% against the dollar, while the Malaysian ringgit and South Korean won also weakened. Equities in the region, which are some of the world's worst performers this year, are set to extend this year's losses as the higher tariffs weigh on regional economies.
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