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South Korean shares hit a 13-month low on Monday, leading losses among Asia's emerging stock markets as risk appetite waned on fears the US Federal Reserve could adopt a more aggressive stance on policy tightening at its meeting later this week.
The dollar traded steady on Monday ahead of the U.S. Federal Reserve's January policy meeting later this week, while bitcoin lay bruised near a six-month low hit over the weekend, hurt by a sell-off in technology stocks.
Bitcoin was at $36,026, having fallen 10% on Friday.
Inflation has risen to its highest level for 30 years, but wages are not keeping pace; Britain's cost of living crisis is about to get worse.
Rising inflation could be the push, says HSBC