Korea is Asia’s Sweet Spot

China stocks remain in the spotlight amid attractive valuations and the promise of growth, but some analysts believe another Asian market offers better opportunities: South Korea.

“China looks ‘ok’ in the H-share market, but South Korea now warrants a bit more attention,” said Joshua Crabb, head of Asian Equities at Old Mutual Global Investors, noting that China stocks have risen too quickly.

The Shanghai Composite is up around 27 percent year to date following last year’s over 50 percent surge. Meanwhile, Hong Kong’s Hang Seng index has risen 17 percent this year.