According to BlockBeats, South Korea surpassed Canada to become the world’s seventh-largest stock market on May 7, driven by strong demand for artificial intelligence chips. South Korea’s total market capitalization surged 71% year-to-date to $4.59 trillion, while Canada’s rose 7% to $4.5 trillion.
Samsung Electronics and SK Hynix, both recently valued above $1 trillion, have seen their stock prices more than double this year, buoyed by their dominant positions in AI chip production. The Korea Composite Stock Price Index has gained over 70% year-to-date, compared to just 7% for Canada’s Toronto Stock Exchange Composite Index.
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