Malaysia, India have most expensive equity in Asia
Nabanita Dutta
News Editor
Image Credit: shortpedia
According to Refinitiv, India and Malaysian equities are most expensive in Asia, based on their price-to-earnings valuation metrics. India's price to earning 16.42 while Malaysia's P/E valuations were 15.66. The Indian finance minister has announced a new corporate tax last month to boost and revive the weakening economy of the country. As a result, the Indian equities benchmark rose by 4.1% last month.
