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South Korea Surpasses Canada to Become Worlds Seventh-Largest Stock Market
Bloomberg reported that South Koreas stock market has surpassed Canada to become the worlds seventh-largest equity market, driven by strong demand for AI chips. The total market ...
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Bloomberg reported that South Koreas stock market has surpassed Canada to become the worlds seventh-largest equity market, driven by strong demand for AI chips. The total market capitalization of listed companies in South Korea has surged 71% this year to USD4.59 trillion, while the total market capitalization of Canadian listed companies also increased by about 7% to USD4.5 trillion.

Samsung Electronics and SK Hynix have both seen their market capitalizations more than double this year. Samsung Electronics market value exceeded the USD1 trillion mark yesterday (6th). South Koreas KOSPI Index has risen more than 70% this year and edged up 0.09% today (7th) to 7,391.09 points. However, Samsung Electronics share price retreated from its peak, falling 1.69%, while SK Hynix also declined 1.81%. (mn/)

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