MSCI Asia ex-Japan (MXASJ)

Stocks in Asia outside Japan look set to extend their rebound from the depths of the coronavirus-fueled selloff as earnings rise and the dollar weakens in the year ahead, according to Goldman Sachs Group Inc.

SINGAPORE (Feb 15): As of last Friday, US price-to-book (P/B) valuations have fallen from a high of 3.48 times to 3.18 times or 3% above the historical average, according to a recent strategy report by Credit Suisse’s equity research team.