Korea's Stock Market Booms

  • Arirang News

    June 20, 2017 08:23

    Korea's two stock indexes, the KOSPI and junior Kosdaq, are rising in the ranks of the world's equity markets.

    In terms of total market capitalization, the Korean indexes climbed one notch since the end of last year to 14th place as of May, thanks to strong foreign buying as well as rising expectations for the new Moon Jae-in administration.

    According to the Korea Exchange, the combined market cap for the KOSPI and the Kosdaq came to US$1.55 trillion as of the end of May, accounting for 2.2 percent of the global market cap and a rise of 20.8 percent from the end of 2016.

    India is the only country that grew faster at around 25 percent.

    Nearly half of the world's market value is in the Americas, followed by Asia and the Pacific with about a third of the total and Europe with around 20 percent.

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