South Korea Stock Market Surpasses UK to Become Worlds Eighth Largest
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South Korea's stock market has surpassed the UK to become the world's eighth-largest, with a market capitalization of USD 4.04 trillion, a 45% increase this year. The UK market capitalization stands at USD 3.99 trillion, up 3%. The surge is driven by strong performances from Samsung Electronics and SK Hynix, which make up over 40% of the KOSPI Index. Morgan Asset Management attributes this growth to a structural rebalancing in global equity markets, particularly in AI hardware. The KOSPI Index rose 1.35% to 6,704 points today.
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