0508 GMT - Some declines seen across Asian equities already reflect the potential near-term pressure the Middle East conflict has on earnings, says Morningstar's Lorraine Tan in a report. While the uncertain outlook is hurting risk appetite, the director notes that the initial reaction seen in Asian markets were largely limited, excluding South Korea. Other factors before the conflict, such as the selloff in software companies, had already taken some money off the markets. As Morningstar maintains its valuation estimates on its coverage of Asian companies, sharper share-price declines could be potential buying opportunities, she says. However, she continues to view South Korea as expensive, noting Samsung and SK Hynix's weighting of around 40% on the benchmark index.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 10, 2026 01:08 ET (05:08 GMT)
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