US$2.6 trillion wiped out as Asia braces for more

Bearish market: An electronic ticker displays share prices at the Tokyo Stock Exchange in Tokyo. The MSCI Asia Pacific Index is down 0.2% following losses in New York overnight, with declines in Japan and Korea offsetting a modest advance in Hong Kong. — Bloomberg

HONG KONG: Asia investors looking for a bottom to this month’s market sell-off may have to wait a little while longer, with stocks set to hit yet another dubious marker.

The MSCI Asia Pacific Index is down 0.2% following losses in New York overnight, with declines in Japan and Korea offsetting a modest advance in Hong Kong. That has put the regional benchmark on track for a third straight week of declines – the longest stretch this year.