The trouble with South Korea's 'undemanding' valuations

Facing anaemic growth

Asian equities have delivered solid returns in the first four months of the year, largely buoyed by a pick-up in the global trade cycle which has boosted economic growth and led to a turnaround in earnings expectations.

Meanwhile, the Trump-related risks flagged in January have failed to materialise. For all his bluster during his campaign, President Trump has thankfully adopted a more pragmatic approach when dealing with international issues. He has backed off from labelling China a currency manipulator and in dealing with North Korea, also reaffirmed that the US will continue to be a major military presence in the region. The Trump illusion and China relationship We flagged India as one of our preferred markets for 2017, and that call has paid off so far with India being the best performing A...