(Reuters) - Asian stock markets ended 2018 with negative returns in dollar terms, weighed down by trade tensions and slowing profit growth.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 16 percent this year in its sharpest drop since 2011.
Graphic: Asia-Pacific equities valuations (tmsnrt.rs/2GLcN80)
Graphic: Asia-Pacific equities performance in 2018 (tmsnrt.rs/2GJ8lqq)
This year’s sharp declines have made regional stocks cheaper which could prompt bargain-hunting, some analysts said.
South Korean equities were the cheapest in the region with a forward price-to-earnings ratio of 8.8, followed by China’s 9.9, Refinitiv data showed.
Reporting by Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Subhranshu Sahu