MXASJ Fall Similar To 1994 And 2004 Episodes: Credit Suisse
With Fed tightening in the air, the MSCI Asia ex-Japan (MXASJ) has dropped 25% from the highs in the current episode, compared to the 21% to 25% corrections witnessed in 1994 and 2004. This suggests that history is repeating itself, according to Credit Suisse. Sakthi Siva and Kin Nang Chik pointed out in their Sept. 4 research report on APAC Equity Strategy that historically, the MXASJ has bottomed one month prior to two months after.
MXASJ P/B was much lower
Siva and Chik point out that amidst . . .
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