After Taiwan, South Korea overtakes India world's 6th largest stock market after hits $5trillion

12 Просмотры

  • Спасибо! Поделитесь с друзьями!

    Вам не понравилось видео. Спасибо за то что поделились своим мнением!

new2
Издатель
Days after Taiwan pushed India out of the world’s top five stock markets, another Asian economy has now moved ahead of India.

South Korea has overtaken India to become the world’s sixth-largest stock market, powered by a massive rally in artificial intelligence-linked semiconductor companies.

Data compiled by Bloomberg shows that the total market capitalisation of South Korean-listed companies has surged 86% this year to reach $5 trillion. In comparison, India’s market value has fallen to $4.8 trillion.

The development marks another setback for Dalal Street, which have been struggling with foreign investor outflows, a weakening rupee, rising energy costs and slowing earnings growth.

The contrast is striking because India’s economy remains more than twice the size of South Korea’s.

According to International Monetary Fund estimates cited by Bloomberg, India’s economy is expected to be worth around $4.15 trillion this year, compared to South Korea’s $1.93 trillion economy.

Yet when it comes to stock market value, South Korea has now moved ahead.

The biggest reason behind South Korea’s jump in the rankings is the global artificial intelligence boom.

Bloomberg reported that technology giants Samsung Electronics and SK Hynix have become the driving force behind the country’s stock market rally.

The two companies, both major suppliers of memory chips used in AI systems and data centres, have recently joined the $1 trillion market-cap club.

#businessnews #stockmarketindia #indianeconomy #dalalstreet #news #stockmarket

[ Indian stock market, Business news, Indian economy, News, Stock Market ]
Категория
Экономика
Комментариев нет.