Korea's market capitalization ranking 'world 13th place' ... 1 year new 2 steps ↑

Korea's market capitalization ranking 'world 13th place' ... 1 year new 2 steps ↑

Swiss, Australian Exchange Opportunity

"Improvement in listing performance, impact of foreign buying"

SEOUL, South Korea (Reuters) - South Korea's global stock market rallied to 13th place, up two places from a year ago.

The Korea Exchange said on May 5 that the market capitalization of the World Exchange Association (WFE) member exchange increased by 21.83 percent from US $ 70 trillion at the end of last year to US $ 85.3 billion.

The market size of the Korean stock market, which includes the KOSPI and KOSDAQ during the same period, stood at $ 1,771.8 billion, up 38.19 percent from $ 1,028.2 billion at the end of 2016. The share of market capitalization in the global stock market was 2.08%.

As a result, the market size of the Korean stock market has risen to 13th place in the world by exchanges, compared to 15th place by the end of 2016. It is also one step higher than the 14th place by the end of 2015.

The KOSPI index rose by 21.76 percent last year and the KOSDAQ index rose by 26.44 percent on the back of improved performances of listed companies and foreign buyers, "said an official of the Korea Exchange. "He said.

In terms of world market rankings, the top spot was the New York Stock Exchange (US $ 22.814 billion), up 25.89 percent from a year ago.

In addition, Korea's market capitalization is higher than that of Korea: US Nasdaq $ 10.339 billion; Japan Exchange Group's $ 6.228 billion; China's Shanghai Stock Exchange $ 5.8986 billion; London Stock Exchange $ 4.4554 billion; $ 393 billion ▲ China Hong Kong Stock Exchange 4.5 trillion 350.5 billion ▲ China Shenzhen Stock Exchange 3.6216 trillion dollar ▲ Canada Exchange 2.336 trillion dollar ▲ National Stock Exchange 2.351 trillion dollar ▲ Mumbai Exchange of India 2.331 trillion dollars And Germany's Deutsche Boerse at US $ 2.262 trillion.

▲ Swiss exchange 1.6865 trillion dollars ▲ Nasdaq Nordic exchange 1.33 trillion yen ▲ Australia exchange 1.508 billion dollars ▲ South Africa exchange 1.23 trillion yen ▲ Taiwan exchange 1.70 trillion yen ▲ Brazil exchange 954.7 billion yen ▲ Spain $ 888.8 billion was lower than the market size of the Korea Exchange.

By continent, the market capitalization of the Asia-Pacific exchanges ($ 28.968 trillion) increased by 25.66 percent, the largest increase. Followed by Europe (including Africa and the Middle East) 24.04% and the Americas 17.84%.

In the Asia-Pacific region, all exchanges increased except for the Sydney Exchange (-23.86%). Especially, the Indian market (53.26%) and the Mumbai exchange (49.34%) showed a remarkable increase in market capitalization due to expectations of economic reform.

In the Americas, the market for all exchanges increased. Both the US Nasdaq (29.05 percent) and the New York Stock Exchange (12.82 percent) were up sharply on strong US economic stimulus, tech stocks and semiconductor stocks.

In Europe (including Africa and the Middle East), the market for some exchanges such as the Qatar Exchange (-15.68%) decreased, but most exchanges such as the German Exchange (31.68%), London Stock Exchange (28.49%) and Euronext Was expanded.