Asian FX, stocks mixed as Mideast worries rise

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EMERGING Asian currencies and shares were a mixed bag on Friday, with the South Korean won and the Indonesian rupiah weakening the most, as geopolitical tensions in the Middle East clouded investor sentiment.

The prospect of Israel retaliating to Tehran’s largest-ever assault prompted safe-haven inflows, boosting the greenback, while investors were on the lookout for a key US jobs report on Friday to gauge the possibility of another large rate cut by the Federal Reserve (Fed).

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