Asian markets set for largest loss in nine months

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...