South Korea's equity market surpassed India to become the world's sixth-largest stock market, owing to a surge in semiconductor stocks, Bloomberg News reported Tuesday.
The total market capitalization of South Korea-listed firms jumped 86% so far in 2026 to $5 trillion, while the Indian stock market's total capitalization has decreased to $4.8 trillion, the report said.
Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), both now valued at over $1 trillion, fueled the country's stock market rally through their dominance in AI memory chips, the report said.
This helped the Korea Composite Stock Price Index or Kospi, more than double so far this year and pushed South Korea ahead of Canada, Germany, the UK, and France in terms of market capitalization, Bloomberg said.
Despite South Korea's larger stock market, India's economy remains considerably bigger at $4.15 trillion as compared to the former's $1.93 trillion, the report said, citing International Monetary Fund estimates.
Shares of Samsung Electronics rose 1% while those of SK Hynix declined nearly 3% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)