The combined market capitalization of South Korean stocks listed in the country’s both primary and secondary bourses surged about 38 percent on-year in 2017, recording the world’s third biggest among 20 members of the World Federation of Exchanges (WFE). The figure was far higher than the average of the world’s total market capitalization gains at 20 percent.
According to Korea’s stock operator Korea Exchange (KRX) on Feb. 5, the total market capitalization of stocks listed on the benchmark main Korean Composite Stock Price Index (Kospi) and second-tier Korean Securities Dealers Automated Quotations (Kosdaq) markets reached US$1.77 trillion (1.932 quadrillion won) as of the end of last year, up 38.19 percent from US$1.28 trillion (1.398 quadrillion won) tallied as of the end of December 2016. The market capitalization of the Kospi and Kosdaq markets increased 21.76 percent and 26.44 percent respectively. The figure was the 13th largest in the world in terms of market capitalization for stock exchanges, moving up two notches from 2016.
The combined market capitalization of global stock exchanges stood at US$85.3 trillion (93.019 quadrillion won) at the end of last year, up 21.83 percent from US$70 trillion (76.335 quadrillion won) at the end of 2016.
The KRX showed the third biggest gain among WFE member states over the cited period following India’s National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). It was also followed by Hong Kong Exchanges and Clearing, Germany’s Frankfurt Stock Exchange run by Deutsche Borse and U.S.’ Nasdaq Nordic Exchanges.
By region, the value of stock markets in the Asia-Pacific region increased by the largest 25.66 percent, followed by the European areas, including Africa and Middle East, with 24.04 percent and the Americas with 17.84 percent. The combined market capitalization of exchanges in the world grew as a whole.