Asian share price valuations in question

Asian stock markets have generally continued to perform well despite predictions of a correction in the third quarter of this year. This has led some fund managers and analysts to turn more optimistic about the region in the near-term while others, such as Macquarie, believe that the global economic recovery has already been priced into Asian stock valuations. In a recent report, Macquarie says that markets have been driven by liquidity rather than fundamentals, and thus the current …