NEWS
Korea stock market ranks 15th worldwide in market cap
03 January 2013
Category:
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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