Emerging markets - Vietnam stocks headed for fifth straight weekly loss as Asian stocks slump on rate hike and China Covid woes


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HANOI, May 6 (Reuters): Emerging Asian currencies slumped on Friday, with the yuan hitting a 18-month low, after investors aired concerns that rising interest rates and China reinforcing its "zero-COVID policy" could impede economic growth across the region.

The Taiwanese dollar and the Indian rupee led losses, falling 0.7% each against the greenback, and ringgit fell to its lowest in more than two years.

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