Oct 1 (Reuters) - Asian shares pared initial losses in September as trade worries eased somewhat to lift the regional assets in the second half of the month.
Last month, Washington and Beijing imposed tit-for-tat tariffs on each other's goods, though the immediate tax levels were not as high as initially expected, easing fears of a sharp, sudden shock to global growth and lifting stock markets. MSCI Asia-Pacific index .MIAP00000PUS fell 0.15 percent last month, after a 0.83 percent decline in August.
Philippine stocks .PSI topped regional loss makers last month, falling 7.37 percent, followed by India .NSEI which fell 6.42 percent.
Share indexes in New Zealand, Japan, Thailand, Taiwan and Vietnam are the only ones in the region that have registered gains for 2018 in dollar terms, while the rest have suffered sharp declines.
New Zealand, India, and Malaysian stocks have the highest price-to-earnings ratio based on 12-month forward earnings in Asia, according to Refinitiv data.
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https://reut.rs/2OrMKWb Asia-Pacific price performance 2018
https://reut.rs/2OpTxQf Asia-Pacific valuations
https://reut.rs/2OnTKDn
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