The combined market capitalization of South Korean firms listed on the main and secondary bourse has increased more than 10 percent this year to rank 11th among global peers, data showed Friday.
The combined market cap of South Korean firms reached $1,341 billion as of Wednesday, the 11th highest in the world, up one notch from the end of 2014, according to the data by the bourse operator Korea Exchange (KRX) and Bloomberg.
The Wednesday figure marks a 13.4 percent jump from the end of last year and made the Korean stock market the fourth-best performer among the top 15 largest stock markets around the globe, the data showed.
China’s stock market, the world’s second-largest, saw its market capitalization surge 43.1 percent this year.
Japan’s stock market, the third-largest, enjoyed a 13.5 percent hike this year, and the comparable figure for Hong Kong was a 21.4 percent rise.
The U.S. stock market, the world’s No. 1, saw its market capitalization edge up 2.6 percent during the cited period.
So far this year, the global stock market has increased 8.8 percent to reach $70.76 trillion, aided by global easing policies in major and emerging economies, the data showed. (Yonhap)
