Are Asian Equities Expensive?

As Christopher Wood, the strategist at CLSA Asia-Pacific Markets, wrote last week:

Valuations of Asian equities may be above historic averages. But they are not yet dangerously so. The MSCI AC Asia ex-Japan Index is trading on 2.1x trailing price-to-book, compared with a 15-year average of 1.8x

Click on chart to enlarge, courtesy of CLSA Asia-Pacific Markets.


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