Domestic Stock Market Cap Surpasses 8,000 Trillion Won for the First Time... SK hynix Narrows Gap with Samsung Electronics
Combined KOSPI and KOSDAQ Market Cap Reaches 8,220 Trillion Won
SK hynix Market Cap Surpasses 2,000 Trillion Won
The total market capitalization of the domestic stock market surpassed 8,000 trillion won for the first time in history.
As of 10:30 a.m. on June 19, the combined market capitalization of KOSPI and KOSDAQ was tallied at 8,220 trillion 327.6 billion won. By market, the current market capitalization of KOSPI is 7,670 trillion 61.8 billion won, while KOSDAQ stands at 550 trillion 265.8 billion won. The market capitalization of the domestic stock market surpassed 6,000 trillion won on April 27 and went on to exceed 7,000 trillion won on May 11.
According to CompaniesMarketCap.com, in the global ranking of market capitalization by country, Korea (4.681 trillion dollars) currently ranks fifth, following the United States, China, Japan, and the United Kingdom. However, this ranking is based on major listed companies, not the entire market.
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The KOSPI opened at 9,288.89, up 2.48% from the previous trading day, and surpassed the 9,300 mark. The market capitalization of SK hynix also exceeded 2,000 trillion won on this day. This is the second time for a single stock to achieve this milestone in the domestic market, after Samsung Electronics. The difference in market capitalization between Samsung Electronics and SK hynix is about 122 trillion won.
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