April 2, 2018 / 8:53 AM / a year ago

Indonesia, Philippine stocks decline the most in Asia-Pacific in March

(Reuters) - 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.

FILE PHOTO: A man sits inside trading floor of the Indonesia Stock Exchange building in Jakarta, Indonesia January 16, 2018. REUTERS/Beawiharta

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 - 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 - reut.rs/2EcxgfI

Asia-Pacific markets performance 2018: reut.rs/2pYtxx5

Asia-Pacific markets performance March 2018: reut.rs/2JbB18A

Asia-Pacific markets valuations: reut.rs/2EcxgfI

Reporting by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Jacqueline Wong

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