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Korea’s stock market, which has been on a sustained rally, is now the 6th largest in the world by market capitalization. As of May 11 local time, according to Bloomberg data, KOSPI sits at 6,216.22 trillion won (about $4.2201 trillion) and KOSDAQ at 660.47 trillion won (about $448.3 billion). The combined figure is 6,876.69 trillion won (about $4.6621 trillion), up 78% from the start of the year. That puts Korea ahead of Taiwan, whose TAIEX is currently valued at NT$135.86 trillion (about $4.3319 trillion). The TAIEX is up 46% YTD, so Taiwan has had a strong year too, Korea has just had a stronger one. Korea’s market overtook the UK on April 27 and Canada on May 7 before passing Taiwan this week. The rally is largely being driven by Samsung Electronics and SK Hynix, which have surged alongside the current semiconductor cycle. Some market watchers are now floating the possibility that KOSPI could break 8,000 and potentially push toward 9,000 or even 10,000. submitted by /u/Charming-Ad-8198 |
Korean stock market rises to 6th largest in the world by market cap, overtaking Taiwan
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Learn People & History of Korea
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