From Epoch Times:
The relative price valuations of Asian equities compared with their global peers are at a near 14-month low, data showed, after their lacklustre performance due to worries over slowing growth and the spread of the Delta-variant of coronavirus this year. According to Refinitiv data, the MSCI Asia-Pacific index’s forward 12-month P/E ratio stood at 14.9 compared with the MSCI World’s P/E ratio of 18.46. That near 20 percent valuation discount is the highest in 14-months, the data showed. MSCI Asia-Pacific and World index’s PE MSCI Asia-Pacific index’s estimates change The MSCI Asia-Pacific index is up just 3.37 percent this year, compared with the MSCI United States’ gain of 19.7 percent and MSCI Europe’s 12.9 percent this year. The Asia-Pacific index has, however, gained 4.4 percent in the past two weeks, on rising hopes that the U.S. Federal Reserve is likely to delay the start of tapering its asset purchases and …
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