Asian markets set for largest loss in nine months

Asian markets are set for their largest weekly loss in nine months as investors worry about continued policy tightening and unrest in Egypt.

Daily losses ranged from 1% (Thailand and Korea) to 2% (Taiwan) last night as investors took profits from banking and resource shares. The MSCI Asia Pacific exc Japan index is set to fall by more than 4% this week, its worst performance since May 2010, reports Reuters. As more investors shift cash from emerging markets to the developed world, the broad sell-off in Asia has continued as inflationary concerns, growing tensions in Eqypt and tightening monetary policies cause volatility. Analysts expect the sell-off could have further to run, particularly as most of the Asian region pr...