US Media: South Korea's Stock Market Surpasses India to Become the World's Sixth-Largest
Bloomberg reports that South Korea's stock market has reached a valuation of $5 trillion, surpassing India's market and becoming the world's sixth-largest stock market.
Citing data it has collected, Bloomberg reported: "South Korea's stock market has overtaken India to become the world's sixth-largest. This year, the total market capitalization of South Korean listed companies surged by 86%, reaching $5 trillion, while India's stock market value declined to $4.8 trillion."
In terms of market capitalization, the U.S. stock market leads globally with $79.47 trillion, China mainland ranks second with $15.09 trillion, Japan comes third with $8.63 trillion, Hong Kong's stock market is the fourth largest with $7.24 trillion, and Taiwan's market is fifth with $5.15 trillion.
Bloomberg previously reported that in May, South Korea's stock market had a market value of $4.59 trillion, ranking seventh—surpassing Canada's $4.5 trillion. According to the latest revised figures, South Korea's current market value stands at $5.04 trillion, India at $4.84 trillion, and Canada at $4.53 trillion.
Bloomberg also noted that the UK stock market ranks ninth with $3.94 trillion, and France's market ranks tenth with $3.45 trillion.
Additionally, South Korea's main stock index, KOSPI, hit a new historical high in Tuesday's latest trading session, primarily driven by gains in the technology sector.
Moreover, South Korea's exports in May surged 53% year-on-year, setting a record of $87.74 billion, while semiconductor exports rose by 169%.
Source: sputniknews
Original article: toutiao.com/article/1866917376759820/
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