Latest Asian Financial Crisis News & Updates

Seoul, Dec 31 (IANS) The local currency posted its weakest annual average against the US dollar ever this year, data showed on Wednesday, amid political turmoil and increased overseas stock investments by local investors.The won averaged 1,422.16 won against the greenback in onshore trading in 2025, the lowest level on record, according to market data, reports Yonhap news agency.The previous record yearly low of 1,398.39 won was set in 1998, when South Korea was hit by the Asian financial crisis…