Bloomberg reported that the aggregate market value of the global stock markets hit an all-time high of US$88.589 trillion on October 19, up 35% from a year ago. The global stock market rally is based on expectations for economic recovery and the recent bullish movements of the stock markets of developing and developed countries.
The U.S. stock market accounted for 32% of the aggregate market value as of October 20 and the Chinese market came in second with 8.7%. They were followed by Japan (6.8%), Hong Kong (5.9%), UK (4.1%), France (2.9%), Germany (2.7%), Canada (2.6%), India (2.43%) and Switzerland (2%).
The South Korean stock market recorded a market capitalization of US$1.57 trillion and took the 11th place. The Australian and Taiwanese stock markets represented 1.5% and 1.3% of the global stock market cap, respectively.
The aggregate value of the South Korean stock market grew by no less than 25.1% for the most recent one-year period, ranking fifth in the world in terms of growth rate. Those of the French and German stock markets increased respectively by 33.9% and 29.2% during the same period while Hong Kong and India increased theirs by 26.8% and 26.1%, respectively.