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🌏 Asia's central banks have stopped answering to inflation alone

🌏 Asia's central banks have stopped answering to inflation alone

South Korea hiked to 3.00% to cool Seoul housing debt even as chip exports surged 68.7%. Brazil, Turkey and South Africa held steady instead, part of a broader emerging-market split as capital flows extend an eighth straight week of inflows.

Line chart of seasonally adjusted export indices (Dec 2019=100) by product from Jan 2019 through 2026; chips surge far above other categories.
Korea's August tech rebound was entirely chip-driven, leaving the export boom still hostage to AI memory demand rather than a broad recovery, MOTIR data compiled by Paradis show. Source

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