South Korea’s stock market has muscled its way into the world’s top 7, powered by an AI chip rally that has propelled it past two major markets in a matter of weeks.
According to Bloomberg data, the country’s listed companies now have a combined market capitalization of $4.59 trillion, edging past Canada’s $4.5 trillion to become the world’s seventh-largest equity market, about 10 days after overtaking the UK.
South Korea’s rapid rise has been led by Samsung Electronics, which crossed the $1 trillion valuation mark this week following its record first-quarter earnings — and reports that Apple is exploring Samsung as a potential US chipmaking partner.
SK Hynix, Korea’s second-largest company and the world’s leading high-bandwidth memory (HBM) supplier, also saw its shares rally more than 10% earlier this week after US tech giants including Alphabet, Microsoft, Meta, and Amazon raised their AI data center spending forecasts
@grayruby how far has Canada fallen?
Sad. Yet Carney is trying to convince the country the entire world wants to invest in Canada.
They want so bad to invest in Canada yet some want the government to encourage/force pension plans and other big funds to invest here more
why invest in Canada 🇨🇦?
They need to build keystone XL pipeline
Honestly there is no reason to invest in Canada anymore. I could have made an argument for it a decade ago but real estate is cooked, the government hates and kneecaps the energy and minerals and mining sector. There is one good tech company- Shopify. The banks do well and there are a couple other large companies doing well.
You could probably do well in the short run in the Canadian market if energy prices and resources are booming but I am pretty structurally bearish on Canadian business in the long term. I mean look at our Supreme Leader, he was chairman of the board of Brookfield when they moved their HQ out of Canada to NYC. Of course no one in the media said a word about that when he was running around yelling Elbows Up.
I will invest in Keystone XL and maybe Alberta