CORRECTED-Asia Graphics-South Korea, HK stocks top May gains in Asia-Pacific

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

(Corrects links)

June 6 (Reuters) - South Korean and Hong Kong stocks led the Asia-Pacific region in May with gains of 6.44 percent and 4.25 percent, respectively.

Buoyed by Moon Jae-in's presidential election win in May and inflows of near $8 billion this year, South Korean equities surged 26.35 percent year-to-date in dollar terms, followed by Indian equities which rose 24.81 percent in the same period.

However, South Korean stocks have also turned the most expensive in the Asia-Pacific with a price-to-earnings ratio of 20.21, followed by Philippines at 19.46 and India's 19.36. Price-to-earnings ratios are calculated based on the current year's estimated earnings.

Asian markets performance: Asian markets valuations: Asian markets-Analyst revision scores: (Compiled by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Sherry Jacob-Phillips)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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