Share prices of chip behemoths, pivotal to the global AI infrastructure, have been on an upward trajectory, propelling the aggregate market capitalization of the South Korean stock market to a staggering $5 trillion. This valuation eclipses India's stock market, which stands at $4.8 trillion, thereby catapulting South Korea to the sixth spot on the global stage. The dominance of Samsung Electronics and SK Hynix in the AI memory chip sector has been the linchpin in the ascent of the South Korean stock market. Since the onset of this year, the South Korean stock market has sequentially outpaced the stock markets of Canada, Germany, the UK, and France. Conversely, the Indian stock market is grappling with headwinds stemming from the depreciation of the rupee, outflows of foreign capital, and a scarcity of companies directly implicated in AI infrastructure. Despite the market capitalization of the South Korean stock market surpassing that of India, the Indian economy still looms larger than its South Korean counterpart.
