(Reuters) - Asian shares pared initial losses in September as trade worries eased somewhat to lift the regional assets in the second half of the month.
Last month, Washington and Beijing imposed tit-for-tat tariffs on each other's goods, though the immediate tax levels were not as high as initially expected, easing fears of a sharp, sudden shock to global growth and lifting stock markets.
The MSCI Asia-Pacific index <.MIAP00000PUS> fell 0.15 percent last month, after a 0.83 percent decline in August.
Philippine stocks <.PSI> topped regional loss makers last month, falling 7.37 percent, followed by India <.NSEI> which fell 6.42 percent.
For graphic on Asia-Pacific Sep 2018 price performance, click https://reut.rs/2OrMKWb
Share indexes in New Zealand, Japan, Thailand, Taiwan and Vietnam are the only ones in the region that have registered gains for 2018 in dollar terms, while the rest have suffered sharp declines.
For graphic on Asia-Pacific price performance 2018, click https://reut.rs/2OpTxQf
New Zealand, India, and Malaysian stocks have the highest price-to-earnings ratio based on 12-month forward earnings in Asia, according to Refinitiv data.
For graphic on Asia-Pacific valuations, click https://reut.rs/2OnTKDn
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Kim Coghill)
