Business Standard

Asian shares post sharpest losses in seven years in 2018


(Reuters) - Asian stock markets ended 2018 with negative returns in dollar terms, weighed down by trade tensions and slowing profit growth.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 16 percent this year in its sharpest drop since 2011.
Chinese equities were the top losers in the region, shedding about 29 percent in dollar terms, followed by Pakistan and South Korea.
Graphic: Asia-Pacific equities valuations
This year's sharp declines have made regional stocks cheaper which could prompt bargain-hunting, some analysts said.
South Korean equities were the cheapest in the region with a forward price-to-earnings ratio of 8.8, followed by China's 9.9, Refinitiv data showed.
Graphic: Asia-Pacific equities performance in 2018
(Reporting by Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Subhranshu Sahu)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 31 2018 | 4:01 PM IST

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