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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% this year in its sharpest drop since 2011.
Chinese equities were the top losers in the region, shedding about 29% in dollar terms, followed by Pakistan and South Korea.
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.
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