Sakthi Siva of Credit Suisse believes that while the correction in MSCI Asia Ex Japan this time from the highs of 4 September to the lows on 16 October was 9.5 percent versus corrections of 28 percent at the end of QE2 and 14 percent at the end of QE1, valuations currently are already below those seen at the QE1 and QE2 lows.
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