Korea Passes UK to Become World’s Eighth-Largest Stock Market


The rally in Korean stocks mirrors that of Taiwan’s, which in April also overtook the UK to become the world’s seventh-largest share market. Taiwan’s gains have also been powered by the world’s largest chip foundry, Taiwan Semiconductor Manufacturing Co., which now accounts for about 45% of the island’s benchmark gauge. Taiwan’s stock market value, now at $4.48 trillion, is now approaching that of Canada.



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