Valuations of Asian shares have dropped sharply over the past month, as regional...
- Valuations of Asian shares have dropped sharply over the past month, as regional markets slumped after the United States escalated its trade war with Beijing by threatening to put tariffs on all its imports from China.
Asian stocks’ average forward 12-month price-to-earnings ratio fell to 11.1 times at the end of last week, compared with about 12.7 times a month ago, Refinitiv data showed. “Trade tension appears to be well-priced, but we think rebound potential is low given our no-deal baseline,” said Goldman Sachs in a report over the weekend. [nL4N257086]
Through Aug. 9, MSCI’s broadest index of Asia-Pacific shares ex-Japan .MIAP00000PUS had fallen 3.9% this month.
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