Menu

International

Taiwan up 29% and Korea down 8%...Worst of 11 Asia-Pacific Stock Indexes

2024.12.24 AM 11:16
글자 크기 설정 Share
A comparison of this year's yields in major Asian stock markets shows Taiwan's strength is noticeable, while South Korea's is the worst.

CNBC reported that Taiwan's self-reliance index rose 28.85% this year, the most among the 11 major stock indexes in Asia-Pacific.

Hong Kong's Hang Seng Index came in second with 16.33 percent, followed by Singapore's Straight Times Index and Japan's Nikkei Index.

On the other hand, the KOSPI fell 8.03 percent to the bottom.

Among the 11 indexes, only the Jakarta Composite Index in Malaysia and the KOSPI have fallen this year.

In the 87 Asia-Pacific stock indexes compiled by Bloomberg News, KOSPI ranked 76th this year, and 87th was KOSDAQ, which plunged 21.62%.

Bloomberg said on the 7th that the market capitalization difference between the Korean and Taiwanese stock markets widened to 1,352 trillion won, contrasting the Korean economic situation with Taiwan, which has been hit by a global artificial intelligence boom.

Shares of TSMC, the world's largest foundry company, which accounts for 38% of Taiwan's Xuanan index's market capitalization, rose 82.1% this year.

On the other hand, shares of Samsung Electronics, the nation's No. 1 market cap, fell about 31.8 percent.

CNBC pointed out that the South Korean government's value-up policy seems to have failed to boost stock prices this year, adding to uncertainties due to U.S. President-elect Trump's tariff pledges and emergency martial law.





※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr