Market Capitalization Ranking
The Korea Exchange announced on February 27 that the market capitalization of global stock markets increased 4.5% to US$70.1 trillion last year.
According to the Korea Exchange, South Korea recorded a market cap of US$1.2821 trillion as of the end of last year, up 4.1% from a year ago, to rank 15th in the world. It fell a notch as London Stock Exchange (LSE) Group ranked fifth after joining the World Federation of Exchanges (WEF) again.
The aggregate market value increased 10.8% in the Americas whereas it showed little change in Asia-Pacific and Europe. That of the New York Stock Exchange showed an increase of 10% based on solid economic growth and expectations for new economic policy. That soared by 57.8% in Brazil, led by rising oil and raw material prices. The market cap of the Toronto Stock Exchange jumped 28.24%, too.
On the contrary, the value fell 9.8% in Shanghai and 11.6% in Shenzhen as China’s economy was losing steam last year. It increased 15.7% in Taiwan, 10.9% in Australia and 3.4% in Japan. In Europe, the market cap of LSE Group decreased 9.9% due to Brexit and concerns over bad debts in the Italian banking sector.