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Why Coupang Fell 18.3% This Week

TheMotleyFool

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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%.

There wasn't any news out of the company itself this week, so the sell-off likely had to do with macroeconomic factors, as investors became worried about inflation and the path of interest rate hikes this year.

Image source: Getty Images.

Source Fool.com

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