South Korea has surpassed Canada to become the world's seventh-largest stock market, driven by robust demand for AI-related chips. The total market capitalization of South Korean listed companies has surged 71% this year to $4.59 trillion, outpacing Canada's 7% increase to $4.5 trillion. Key players like Samsung Electronics and SK Hynix have seen their stock prices more than double, fueled by their leadership in the AI chip sector. The Korean Composite Stock Price Index has climbed over 70% year-to-date, significantly outperforming Canada's S&P/TSX Composite Index, which has risen 7%. Ha SeokKeun, Chief Investment Officer at Eugene Asset Management, anticipates further growth in Korean equities, citing the ongoing memory cycle driven by artificial intelligence as a key factor.
South Korea Overtakes Canada as 7th Largest Stock Market Amid AI Chip Demand
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