Korea's market cap ranks 11th in the world
Korea's stock market remains relatively strong, despite a planned pullback in the United States' quantitative easing program and rumors of another financial crisis in emerging markets.
The aggregate market value of listed companies in Korea came to 1.1 trillion U.S. dollars as of Sunday, according to data compiled by Bloomberg.
This figure puts Korea in 11th place among 87 countries surveyed, after the U.S., Japan, Britain and China.
Although Korea failed to reach its record high of 1.2 trillion dollars, posted earlier in the year, it seems to be weathering the economic storms better than others.
Korea's market capitalization fell to 9-hundred-and-60 billion dollars in June, on reports that the U.S. Federal Reserve would begin tapering its huge monetary stimulus program, however, it topped the one-trillion dollar mark again last month.
The stock markets of the BRIC nations of Brazil, Russia, India and China, meanwhile, have performed relatively poorly.
With the exception of China, which is the world's second largest economy, Brazil, Russia, and India have all given way to Korea.
Experts say that Korea is now being considered a favorable market, for its track record of fast recovery during crises and strength in its basic economic fundamentals.
Currently, the global market capitalization stands at 54.six trillion U.S. dollars.
Kwon Soa, Arirang News.
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