South Korean stocks to outperform Asian markets next half: Barclays

The MSCI Korea Index is trading at less than 9 times estimated earnings for the next 12 months, and the valuation is more than one standard deviation below its five-year average, according to Barclays Wealth. The won is also “much more inexpensive” than Asian peers, said Manpreet Gill, Singapore- based Asia strategist at the Barclays Wealth, the Barclays Plc unit that had US$229 billion in client assets as of 2009.

“It isn't common to find an economically-sound market where both the equity market and the currency are inexpensively valued,” Gill said in a phone interview yesterday.

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