Korean Stock Market Gains 27.71% from March 25 to May 21

The aggregate value of the global stock market hit this year’s bottom on March 24 in the wake of the COVID-19 outbreak. Bloomberg recently looked into 86 stock markets around the world and announced on May 24 that the aggregate value of the South Korean stock market increased 27.71 percent from March 25 to May 21, ranking 23rd in terms of the rate of increase.

During the period, the stock market of Zimbabwe showed a market cap increase of 73.92 percent, followed by Sri Lanka (66.7 percent) and Argentina (66.8 percent). Russia, the United States, Germany and the United Kingdom gained 35.9 percent, 33.51 percent, 28.67 percent and 27.89 percent, respectively. In addition, France, Japan, Italy and China gained 17.6 percent, 15.87 percent, 14.19 percent and 7.86 percent, respectively. On the other hand, the market caps of 15 stock markets decreased during the period. For example, Ukraine, Bahrain and Jamaica lost 39.55 percent, 20.87 percent and 19.39 percent, respectively.


As of May 21, the aggregate value of the 86 stock markets was US$76,391.2 billion. It rose 24.04 percent from US$61,584.9 billion during the period. The value amounted to US$89,156.5 billion on Jan. 20 this year. COVID-19 reduced the value by 30.9 percent until March 24 before the recent recovery.

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