83rd out of 92 Global Indices
Japan's Nikkei Index Also Rises 2.75%
After former U.S. President Donald Trump succeeded in regaining power, the U.S. stock market has been experiencing the so-called 'Trump Rally,' while the Korean stock market ranked near the bottom, placing 83rd out of 92 global indices. There are concerns that capital outflows to the U.S. stock market may intensify further.
According to Bloomberg on the 12th (local time), comparing the returns of major global stock indices from the U.S. election day on the 5th of this month after market close through the 11th, the KOSPI fell 1.75%, ranking 83rd among 92 indices near the bottom. During this period, only nine indices had lower returns than the KOSPI, including the Philippine Composite Index (-4.38%), Indonesia Jakarta Composite Index (-3.01%), Hong Kong Hang Seng Index (-2.76%), as well as indices from Brazil and Spain. In particular, the sluggish performance of Samsung Electronics (-4.51%), the domestic market leader in market capitalization and a representative semiconductor company, was a major factor.
On the other hand, during the same period, Turkey's stock market indices performed strongly, with the Borsa Istanbul Stock Exchange National 30 Index (+7.98%) ranking first, the Borsa Istanbul National 100 Index (+7.64%) ranking second, and the Cyprus Stock Exchange General Index (+6.62%) ranking third. Neighboring Japan's Nikkei 225 Average Stock Price (Nikkei) also rose 2.75% during the same period, ranking 13th.
In the U.S. New York stock market, the Dow Jones Industrial Average rose 4.91%, ranking 4th, and the Standard & Poor's (S&P) 500 Index increased by 3.78%, ranking 6th. Among the three major New York stock indices, the Dow closed on the 11th at 44,293.13, up 0.69%, surpassing 44,000 points for the first time ever on a closing basis, and the S&P 500 Index also broke through the 6,000-point mark for the first time.
Not only indices but also assets considered 'Trump beneficiary stocks' such as Bitcoin and Tesla shares have continued their soaring trend in the U.S. after the election. On the 11th, Bitcoin's price surged about 10% in one day, surpassing $89,000 for the first time ever, and Tesla shares, led by CEO Elon Musk, the 'top contributor' to the election, rose nearly 9% in a single day.
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