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South Korea's currency just hit its weakest level since the 2008 financial crisis.
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That's not just a currency story. It's a capital flow story. Global investors have been pulling money out of Korean markets as concerns around AI valuations and semiconductor growth continue to build. When foreign investors sell Korean stocks, they also sell the won. That's exactly what's happening now. Currencies often reveal stress before equity markets fully do. Is this an isolated move or another warning that global liquidity is getting tighter?