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Asia stocks at two-year highs, look pricey; oil climbs

Reuters  |  HONG KONG 

By Saikat ChatterjeeHONG KONG (Reuters) - Asian stocks climbed to a fresh-two year high on Tuesday on the back of an overnight rise in Wall Street, while oil extended gains after major producers Saudi Arabia and Russia pledged to push for an extension of supply cuts into 2018.Investors in regional equities, however, are growing increasingly wary as valuations look stretched and with the latest rally taking place in thin volumes and led by just a few sectors. Regional stock markets were broadly mixed with Chinese stocks leading laggards and Thailand among the best performing stock market of ...

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First Published: Tue, May 16 2017. 13:25 IST
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