South Korea, Hong Kong stocks top May gains in Asia-Pacific | 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: markets-Analyst revision scores: (Compiled by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Sherry Jacob-Phillips)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jun 06, 2017 22:08 PM

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