FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China, Jan 6, 2021. (Reuters)
All signs point to more losses ahead for Asian equities after a four-month slump that has wiped out over $2 trillion in value.
China’s Covid curbs and rising US interest rates are set to exert further pressure on the MSCI Asia Pacific Index, which has fallen almost 20% from a high reached in January. That’s led to the gauge trailing its US and European peers by more than three percentage points since February.
The rout marks a triple whammy for Asia’s investors as regional bonds and currencies also reel under the weight of a stronger…
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