Asian markets have become more vulnerable to a sell-off as US interest rates tick upwards, which could trigger a round of US dollar strengthening. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Emerging market stocks are still cheap compared to Wall Street

Following a protracted bear market, the forward price-earnings ratio of emerging market shares currently stands at 12.4 compared with 17.4 for US stocks

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Asian markets have become more vulnerable to a sell-off as US interest rates tick upwards, which could trigger a round of US dollar strengthening. Photo: AP
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