May 2 (Reuters) - Asia-Pacific equities extended gains in
April as investors' risk appetite increased, bolstered by the
French elections' first-round results, easing concerns over
North Korea and strong first-quarter earnings posted by major
MSCI's broadest index of Asia-Pacific shares outside Japan
, which is up more than 15 percent this year, was
trading near a two-year high on Tuesday. The Indian stocks led
the region with gains of over 20 percent so far this year, while
China bottomed the list with a near 2.5 percent rise.
Valuation-wise, New Zealand and Indian equities were the
most expensive in the region with forward P/E multiples of over
18, while the South Korean and Hong Kong stocks were the
cheapest, trading around 11 times their earnings.
Asian markets performance: http://tmsnrt.rs/2p308Ak
Asian markets valuations: http://tmsnrt.rs/2p3AlYF
Asian markets-Analyst revision scores: http://tmsnrt.rs/2oSAYZa
Samsung Electronics Co Ltd flagged stronger
earnings and announced a cancellation of treasury shares after
posting a solid first-quarter profit boosted by the memory chip
business, sending its shares to a new high.
CITIC Securities Co Ltd, China's biggest
brokerage, reported a 40.2 percent rise in first-quarter net
profit to 2.3 billion yuan ($333.63 million).
TSMC said Q1 net profit up 35 pct to T$87.6 bln.
(Reporting by Gaurav S Dogra and Patturaja Murugabooopathy;
Editing by Sherry Jacob-Phillips)