Chinese Yuan: PMI resilience but trade risks grow – Commerzbank

Commerzbank’s Charlie Lay and Dr. Henry Hao report that China’s private manufacturing PMI eased slightly to 51.7 but still delivered the strongest quarter in nearly six years, with official PMIs also beating expectations.
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South Korean Won: Semiconductor risk and inflation dynamics – BNY

BNY’s report underscores heavy selling in South Korean semiconductor stocks and warns, via the OECD’s 2026 survey, that Korea’s reliance on chip exports heightens exposure to global tech-cycle swings.
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