Seven Korean Companies Belong To The Top Ten Best Performing Stocks In Asian Stock Markets For 2015
Korean firms dominated the top ten best performing stocks in Asian stock markets for 2015. According to reports, seven out of ten best performers were Korean companies, as noted by Bloomberg Wednesday.
The website also reported that Korean-based holding company Hanmi Science Co Ltd and its affiliate Hanmi Pharm Co skyrocketed 919 percent and 681 percent respectively after finalizing deals to advertise treatments for lung cancer and diabetes abroad.
Business Korea reported Friday that the two Korean firms landed on the first and second spots for the latest growth rate ranking among stocks of the Asia Pacific Index of the Morgan Stanley Capital International (MSCI) as of Wednesday.
Stocks of 1,004 companies from 13 major Asian nations are involved in the MSCI AC Asia Pacific Index, with 107 out of these figures are Korean companies.
Aside from Hanmi Science Co Ltd and Hanmi Pharm Co, five other Korean firms made it to the top ten best performing stocks in Asian stock markets in the current year.
Korea Aerospace Industries landed on the fourth spot after its stock price increased 118 percent in the current year. BGF Retail took the fifth spot after its stock price grew 116 percent in 2015.
One of the biggest cosmetic companies in South Korea, Amore Pacific, ranked seventh place with 111 percent raise on its stock price. Biopharmaceutical company Celltrion Healthcare landed on the ninth spot, while furniture manufacturer Hanssem landed on the tenth spot.
A regional economist in Singapore said "Korean companies have set the world standard in terms of inventiveness and innovative capacity."
"It is more important for Park to foster a culture of innovation across the economy by allocating more grants and subsidies to encourage small and medium-sized companies," Wai Ho Leong adds.
Other companies which made it to the top ten best performing stocks in Asian stock markets for this year include Japanese cosmetics company Kose at third spot and China's Huishan Dairy Holdings and Evergrande Real Estate Group landed on the sixth and eighths spots.