Asia's equity valuations hit 10-1/2-year high in June

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Asia's equity valuations hit 10-1/2-year high in June
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The valuation of Asian shares surged to a 10-1/2-year high in June, tracking a rally in global stocks, as upbeat U.S. and China data renewed hopes ...

The valuation of Asian shares surged to a 10-1/2-year high in June, tracking a rally in global stocks, as upbeat U.S. and China data renewed hopes of a swift economic recovery, offsetting concerns over rising coronavirus cases.

Benchmark equity indexes in India , Hong Kong , the Philippines and Taiwan , gained more than 6per cent each last month. Graphic: Valuation of Asia-Pacific equities https://fingfx.thomsonreuters.com/gfx/mkt/azgporaaqvd/Valuationper cent20ofper cent20Asiaper cent20Pacificper cent20equities.jpg

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