Kathmandu. After Taiwan, South Korea has overtaken the Indian stock market. South Korea is now the world’s sixth-largest stock exchange, driven by a surge in shares of AI companies.
According to a Bloomberg report, the total market capitalization of South Korean listed companies has increased by 86% to $5 trillion this year. On the other hand, India’s market capitalization has fallen to $ 4.8 trillion. The United States of America, followed by China in the second and Hong Kong in the third and Taiwan in the third position respectively.
Two South Korean companies, Samsung Electronics and SK Hynix Inc, have recently joined the $1 trillion club. Korea has overtaken Canada, Germany, the UK and France this year and now it has also overtaken India.
Meanwhile, the depreciation of the rupee, selling by foreign investors and the lack of companies directly involved in AI have led to a decline in the Indian market. The stock market has been continuously falling for the last 4 days.
South Korea’s Jump
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- Rounding out the top 5 are the US, China, Japan, Hong Kong and Taiwan.
South Korea’TAG_OPEN_li_19 s stock market is now bigger than India’s.
This year, its stock market has surged 86% to $5 trillion.TAG_OPEN_li_18
This year, South Korea has overtaken Canada, Germany, the United Kingdom and France.TAG_OPEN_li_17
