BUSINESSTHE RIO TIMES
LatAm Pre-Open: Brazil Sets Record as Asia’s Chips Crash Again
Asia's chip markets experienced significant declines, with South Korea's KOSPI down 6.85%, Japan's Nikkei falling 4.29%, and Taiwan's index dropping 3.79%. These drops followed a recent rebound and were driven by renewed concerns over inflation and potential Federal Reserve rate hikes. Brazil also set a record in the Latin American pre-open market.
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