BENGALURU: Valuations of Asian equities dropped to a 21-month low at the end of January, as expectations of aggressive policy tightening by the Federal Reserve, and a surge in U.S. bond yields hit the regional stocks. That compares with the MSCI World index's P/E ratio of 17.24. China's Shanghai Composite Index declined 7.6% last month, which pulled down its forward P/E ratio to 10.18, the lowest in Asia. On the other hand, Indian shares were the most expensive in the region, with a forward P/E of 20.42. However, some analysts said Asian equities look attractive at these levels.

Source: The Star February 09, 2022 22:27 UTC