South Korean Stock Market Climbs to Sixth Place Globally by Market Capitalisation

Deep News06-02 11:31

The South Korean stock market has ascended to become the world's sixth-largest by market capitalisation, surpassing India, driven by the soaring valuations of global memory chip giants Samsung Electronics and SK Hynix.

Data indicates that the total market capitalisation of listed companies in South Korea has surged by 86% this year, reaching $5 trillion. In contrast, India's total market cap has receded to $4.8 trillion.

So far this year, the South Korean market has successively overtaken the stock markets of Canada, Germany, the United Kingdom, and France.

In separate early trading news on June 2nd, South Korea's KOSPI index experienced a sharp decline. As of 08:09, the Korea Composite Stock Price Index (KOSPI) was down more than 3%, having initially risen over 1.5% at the market open.

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