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S. Korea's Stock Market Cap Rises 2.3% from December, Regains World's 14th Position

Written: 2016-07-25 10:46:54Updated: 2016-07-25 11:32:51

S. Korea's Stock Market Cap Rises 2.3% from December, Regains World's 14th Position

South Korea’s benchmark KOSPI appears to have fared well against the heightened uncertainties.

The Korea Exchange(KRX) said Monday the combined market capitalization of the companies listed on the local stock markets, including the main bourse KOSPI and the secondary KOSDAQ, stood at one-trillion-259-point-five billion U.S. dollars at the end of June.

The figure is up two-point-three percent from one-trillion-231-point-two billion dollars at the end of last year.

With the increase, the local stock market regained its status as the 14th largest among major global stock markets in six months after it fell to 15th.

During the same six-month period, the combined market cap of stock markets all over the world shrank by one-point-three percent to 66-point-three trillion dollars.

The market cap of New York Stock Exchange(NYSE) gained five-point-two percent, while those of China’s Shanghai Stock Exchange and Shenzhen Stock Exchange lost 17 percent and 12-point-three percent, respectively.

Hong Kong Exchanges and Clearing and Japan Exchange Group saw their market caps drop by six-point-seven percent and four-point-three percent, respectively. 

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