Shift in Leading Industries

 

It has been found that six companies newly joined the list of the top 10 market cap companies in the S&P 500 Index between the end of December 2005 and the end of December 2015. The number was six for KOSPI as well and five for Nikkei 225 during the same period. GE and Softbank lost their top spots whereas Samsung Electronics retained its top position for the 10 years.

In the Korean stock market, Samsung Electronics, Hyundai Motor Group (second), Korea Electric Power Corporation (third) and SK Hynix (seventh) remained on the top 10 list while KB Kookmin Bank (formerly second), Woori Financial Group (formerly sixth) and Shinhan Financial Group (formerly tenth) disappeared from the list. Instead, Amore Pacific and Naver took the fifth and tenth places, respectively. POSCO (formerly fifth), LG Philips LCD (formerly eighth) and SK Telecom (formerly ninth) went down in the ranking while Hyundai Mobis (sixth) and LG Chem (ninth) became new entries.

In the U.S., Apple jumped from 35th to first and Microsoft climbed to second while GE fell to fourth with its market cap ratio being halved. Banks and insurers such as Citigroup (formerly second), Bank of America (formerly sixth) and AIG (formerly eighth) were replaced with financial investment companies like Wells Fargo (seventh), Berkshire Hathaway (eighth) and JP Morgan Chase (ninth).

In Japan, Fast Retailing became the rising star. The company joined the top 10 in 2005 and increased its aggregate market value ratio to 8.79%, more than double that of runner-up FANUC.

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