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Riding high on large current account surpluses

Countries such as South Korea and Thailand with big surpluses are in a good position to cope with Federal Reserve interest rate increases later in the year


WHEN it comes to Asian bonds right now, getting the highest yield does not seem to be the top priority. As investors pile back into emerging debt, the two nations luring the most money have some of the lowest rates.

Foreign funds have pumped US$3.6 billion into South...

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