Asian stocks trade at steep valuation discount to global peers By Reuters

Asian stocks trade at steep valuation discount to global peers By Reuters
Asian stocks trade at steep valuation discount to global peers © Reuters. FILE PHOTO: A man stands in front of an electronic board displaying stock information at a brokerage firm in Hangzhou, Zhejiang province, China April 1, 2019. Picture taken April 1, 2019. REUTERS/Stringer

By Gaurav Dogra

(Reuters) – Asian shares’ relative price valuations hit a more than 18-year low compared to their global counterparts last week, after regional equities dropped in 2021 due to investor concerns over slower growth amid COVID-19-induced curbs. The MSCI Asia-Pacific index’s forward 12-month P/E ratio stood at 14.27 at the end of last week, compared with the MSCI World’s P/E ratio of 18.31, according to Refinitiv data. That valuation discount of over 22% is the highest since at least June 2003, the data showed.

Graphic: MSCI Asia-Pacific and World index’s PE, https://fingfx.thomsonreuters.com/gfx/mkt/jnpwejwqepw/MSCI%20Asia-Pacific%20and%20World%20index’s%20PE.jpg Shares in Hong Kong, China and South Korea…

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