Asian shares pared losses in September on easing trade worries
Oct 1 (Reuters) - Asian shares pared initial losses in
September as trade worries eased somewhat to lift the regional
assets in the second half of the month.
Last month, Washington and Beijing imposed tit-for-tat
tariffs on each other's goods, though the immediate tax levels
were not as high as initially expected, easing fears of a sharp,
sudden shock to global growth and lifting stock
The MSCI Asia-Pacific index fell 0.15
percent last month, after a 0.83 percent decline in August.
Philippine stocks topped regional loss makers last
month, falling 7.37 percent, followed by India which
fell 6.42 percent.
Share indexes in New Zealand, Japan, Thailand, Taiwan and
Vietnam are the only ones in the region that have registered
gains for 2018 in dollar terms, while the rest have suffered
New Zealand, India, and Malaysian stocks have the highest
price-to-earnings ratio based on 12-month forward earnings in
Asia, according to Refinitiv data.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy;
Editing by Kim Coghill)
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