The price-earnings ratio of the index, covering both the Shanghai and Shenzhen Exchanges, has dropped from the highest point of 53 times to the current 14.36 times, the lowest point since 1995.

沪深300的市盈率已由最高点的53倍跌至目前的14.36倍，为1995年以来的最低水准。

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Earlier this month, the index covering the Mumbai exchange touched levels not seen since February 2001, having climbed by more than 50% since April.

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Japan accounts for the largest country weighting in the MSCI EAFE (Europe, Australia, Far East) index, a global stock index covering more than 20 countries.

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The ISM Non-Mfg Index, covering the services sector, also declined in March.

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