South Korea Overtakes India as World’s Sixth-Largest Stock Market
- On Tuesday, South Korea overtook India as the world's sixth-largest stock market, with combined market capitalization reaching $5.01 trillion compared to India's National Stock Exchange valuation of $4.85 trillion.
- South Korean stocks rallied this year, driven by demand for AI-linked chipmakers Samsung Electronics and Hynix, while India struggled to capitalize on the AI boom amid persistent foreign selling.
- Foreign investors pulled out $26.4 billion from Indian stocks so far in 2026, surpassing the previous annual record, while India's share in the MSCI Global Standard index shrank to 12.3% from 21% in September 2024.
- Bernstein analysts Venugopal Garre and Nikhil Arela said India's lead against regional peers evaporated in just five months, while Abhay Laijawala, managing director at Lighthouse Canton, said the AI story belongs to Taiwan and Korea, not India.
- Naomi Waistell, a fund manager at French asset manager Carmignac overseeing 41 billion euros, called the shift a "remarkable decline," reflecting the rising global influence of South Korea and Taiwan in emerging markets.
13 Articles
13 Articles
India slips to seventh in global market cap rankings as South Korea pulls ahead
India's equity markets slipped to seventh place in terms of market capitalisation on Tuesday as heavy foreign selling, weak earnings growth and limited exposure to AI-linked stocks allowed South Korea's chip-heavy market to overtake it.
Not UK, not Germany: This Asian country has overtaken India as 6th largest stock market
South Korea has moved past India in global stock market rankings after a sharp rally in AI-linked chipmakers. The shift underlines how investors are favouring markets tied to the AI supply chain while Indian equities face near-term pressures.
After Taiwan, now South Korea pushes India down global market cap table
As of June 1, South Korea's mcap stood at $5.04 trillion, narrowly surpassing India's $4.84 trillion. Taiwan, which overtook India last week, stands at $5.15 trillion, ranked fifth globally, with South Korea at sixth.
India falls to seventh in global market cap rankings as South Korea surges
India has slipped to seventh place globally by equity market capitalisation after South Korea overtook it, driven by strong gains in AI-linked semiconductor stocks. The combined market value of companies listed on South Korea’s KOSPI, KOSDAQ and KONEX exchanges reached $5.01 trillion, surpassing the $4.85 trillion valuation of firms listed on India’s National Stock Exchange. The decline marks India’s second drop in rankings within two weeks, aft…
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