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Why Coupang Fell 18.3% This Week

·3-min read
Why Coupang Fell 18.3% This Week

Shares of South Korean e-commerce leader Coupang (NYSE: CPNG) fell as much as 20% this week, before bouncing slightly to finish the week down 18.3%. On Wednesday, the consumer price index (CPI) for December was released, which showed inflation rising 7% over the prior year. Excluding food and energy, "core" CPI came in at a lower 5.5%.

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