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…
