South Korean stock market, overtaking the UK and surpassing Canada

The South Korean stock market has benefited from the memory sector's rally over the past year. Driven by the two giants SK Hynix and Samsung Electronics, it has experienced an epic bull market over the past year. Moreover, the overall market capitalization of the South Korean stock market has successively surpassed that of Taiwan, China, and the UK in recent months. Based on the latest market cap calculations, it has now also surpassed Canada. If it continues to rise like this, it will soon overtake India.

In fact, sectors other than semiconductors in the South Korean stock market are also seeing rising prosperity, such as shipbuilding and nuclear power.

The frenzied rise of the South Korean stock market over the past year has also attracted capital chasing, especially leveraged funds. For example, there are triple-leveraged long South Korea ETFs in the US stock market, and in the Hong Kong market, there are also individual stock leverage funds specifically designed to double long Samsung Electronics and SK Hynix.

Actually, South Koreans themselves have a relatively strong gambling tendency. With the South Korean stock market surging so much recently, young people are definitely looking to seize this opportunity to turn their fortunes around. Domestic investors, on the other hand, mainly access it through China-Korea Semiconductor ETFs and feeder funds. However, attention must be paid to the premium risk of ETFs.

(Not as investment advice)

$XL2CSOPHYNIX(07709.HK)  $Samsung Electronics (SSNGY.US)  $Huatai-PB SSE KSE China Korea Semiconductor ETF(QDII)(513310.SH)