South Korea¡¯s equity market has overtaken India¡¯s as the world¡¯s sixth largest, driven by a relentless surge in chip heavyweights powering the global artificial intelligence build-out.
The total market capitalization of companies listed in the country has soared 86% this year to $5 trillion, while India¡¯s has declined to $4.8 trillion. Samsung Electronics and SK Hynix, newly minted members of the $1 trillion valuation club, have powered South Korea¡¯s equity surge.
South Korea¡¯s latest milestone comes after it vaulted past Canada and other European countries this year, underscoring how investors are concentrating their bets on AI and its critical suppliers. Together with Taiwan, the two Asian chipmaking hubs are rewriting global equity rankings in a way that captures investor fascination over their outsize influence in the AI economy, yet also stirs concern about the risks of an overheated market.
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