Emerging nation stocks fall most since 2007

Five years after global equities peaked, valuations in developing countries have tumbled the most even as their economies expanded fastest.

The chart of the week shows the MSCI Emerging Market Index's price-to-book ratio has dropped 47 per cent since October 2007, compared with declines of 41 per cent for Japan's Nikkei 225 Stock Average, 38 per cent for the Stoxx Europe 600 Index and 27 per cent in the Standard & Poor's 500 Index.

via Business feed http://www.scmp.com/business/money/spending/article/1074666/emerging-nation-stocks-fall-most-2007