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South Korean beauty stocks fell as a stronger won squeezed profits.
According to The Korea Herald, despite South Korea's cosmetics exports reaching a record $11.1 billion in the first nine months of this year, a 31.1% increase year-on-year, market concerns that a stronger Korean won will erode profits have led to underperformance in the stock prices of major K-beauty companies.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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