Korea stock market ranks 15th worldwide in market cap
03 January 2013
News, Global, Korea
By Asia Asset Management
The combined market capitalisation of Korean firms listed on the main and secondary bourse ranks 15th among global peers by claiming 2.15% of the total, data showed on December 31, 2012, according to The Korea Times.
The combined market cap of the world's 20 major stock markets reached US$52.7 trillion as of the end of November 2012, increasing 9.56% from end of 2011, according to data from bourse operator Korea Exchange (KRX).
The KRX, which operates the benchmark Korea Composite Stock Price Index (KOSPI) and the tech-heavy KOSDAQ market, saw its market cap increase 13.6% over the cited period to $1.13 trillion.
Meanwhile, the market cap of the North and Latin American stock markets reached $22.5 trillion in November, accounting for 42.77% of the total, the data showed.
The Asia-Pacific stock markets, which reported a market cap of $15.9 trillion, accounted for 30.32%, surpassing that of the European stock markets for the fourth consecutive year.
The European stock markets, which encompass the Middle East and Africa, saw its market cap edge up 3.31% over the cited period to $14.1 trillion, taking up 26.9% of the total, the data showed.
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