South Korea overtakes India in market cap rankings
South Korea has surpassed India as the world's seventh-largest equity market after its valuation reached 5.01 trillion dollars. While Korean chipmakers benefit from the global AI boom, Indian stocks have faced 26.4 billion dollars in foreign outflows and a 10 percent decline in the Nifty 50 this year.
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India fell to seventh place in global market capitalization rankings on Tuesday as South Korea overtook the market. South Korea's combined exchange value reached $5.01 trillion, surpassing the $4.85 trillion valuation of Indian equities. The shift highlights a rotation toward AI-driven hardware markets and away from Indian sectors struggling with record capital outflows.
