equityresearch
Equity Research
Asian stocks fell, led by mining companies and automakers, following a rally that drove the MSCI Asia Pacific Index’s valuations to a three‐week high yesterday. The MSCI Asia Pacific Index fell 0.7 percent to 117.48 as of 11:24 a.m. in Tokyo. The index climbed 2.6 percent yesterday, taking the average price of its companies to 1.55 times book value, the highest level since Feb. 3. The gauge has lost 7.3 percent from a 17‐month high on Jan. 15 on speculation central banks will tighten monetary policy, and that Greece, Spain and Portugal will struggle to curb deficits.
http://www.nirmalbang.com/Upload/Daily230210.pdf
http://www.nirmalbang.com/Upload/Daily230210.pdf