South Korea's equity market has overtaken the Indian stock market as the world's sixth largest stock market, according to a report by Bloomberg on Tuesday.
The rally is spurred by strong growth in the semiconductor stocks, which have risen due to a global AI infrastructure mass buildout, the report added.
Listed companies' market capitalization zoomed 86% year over year to $5 trillion, compared to India's market cap which fell to $4.8 trillion, according to Bloomberg's data.
(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.)