Emerging Asian markets may see another sell-off once the Federal Reserve begins tapering its asset purchases, but with declining risks and better pricing, that may offer a chance to buy, analysts said.
From May to September, expectations that the Fed would begin tapering spurred sharp declines in Asia's markets, with India and Indonesia the hardest hit by fund outflows.
After the much-anticipated tapering didn't materialize in September, most emerging markets recovered some lost ground. But recent stronger-than-expected U.S. economic data have raised expectations for a nearer-term move by the Fed.
(Read more: Will Fed crush emerging markets? The big debate)