China's consumer prices jump 6.5 pct in July

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HONG KONG, Aug. 9 (Yonhap) -- China's consumer prices surged 6.5 percent on-year to a 36-month high in July due to soaring food costs, government data showed Tuesday.

Financial watchdog vows to soothe markets

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SEOUL, Aug. 9 (Yonhap) -- South Korea's financial authorities vowed Tuesday to take measures to stabilize the local financial markets if necessary, urging market players to remain calm.

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