Indonesia and Philippine stocks were the worst performing in the Asia-Pacific region in March, when concerns over global trade tensions and rising interest rates gripped markets.
MSCI’s broadest index of Asia-Pacific shares <.MIAP00000PUS> fell for the second consecutive month in March, shedding 2.6 percent.
The Indonesian stock market’s <.JKSE> 6.2 percent fall last month was the biggest since September 2015, while Philippine stocks’ <.PSI> decline of 5.85 percent was the steepest since November 2016.
Pakistan <.KSE> and Vietnamese stocks <.VNI> led the region with gains of 5.4 percent and 4.7 percent, respectively.
Asia-Pacific markets performance March 2018 – https://reut.rs/2JbB18A
Vietnamese stocks have risen nearly 20 percent so far this year, making them the most expensive market in Asia with a forward P/E of 20.3.
Asia-Pacific equities valuations – https://reut.rs/2EcxgfI
Asia-Pacific markets performance 2018: https://reut.rs/2pYtxx5
Asia-Pacific markets performance March 2018: https://reut.rs/2JbB18A
Asia-Pacific markets valuations: https://reut.rs/2EcxgfI