Major Asian stocks stocks opened with sharp cuts Monday after a long weekend that saw global selloffs, with investors expected to stay “risk-off” for some time. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.96 per cent lower.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South