Valuations of Asian equities hit a 16-month low at the end of September, as concerns over an economic slowdown in China and growing expectations of monetary policy tightening by major central banks dragged down equity markets. The MSCI Asia-Pacific index fell 2.3 percent last month and its forward 12-month P/E ratio was 14.6 at the end of September, the lowest since May 2020, according to Refinitiv data. Graphic: MSCI Asia-Pacific and World index’s PE: Graphic: Valuation of Asia-Pacific equities: So far this year, the MSCI Asia-Pacific index has lost 3.2 percent, compared with the MSCI World’s 10.3 percent gain. “Asian equities have been under acute pressure this year due to growth deceleration in China, regulatory overhang on technology stocks, and the credit issue with Evergrande,” said Suresh Tantia, a senior investment strategist at Credit Suisse. “On top of this, as growth momentum has been weak, earnings revisions are normalising.” Analysts …