Global Stock Market Cap Up 20% in a Month... Entering a Bull Market Despite COVID-19 Impact?

South Korea's Market Capitalization Growth Rate Rises 23.18%, Ranking 12th

[Image source=EPA Yonhap News]

[Asia Economy Reporter Kwon Jaehee] The global stock market capitalization has increased by nearly 20%. This comes just one month after hitting a low due to the impact of the novel coronavirus disease (COVID-19).

On the 30th, Bloomberg compiled the market capitalization of stock markets in 86 countries. As of the 28th, the market capitalization of major countries was recorded at $73.7288 trillion. This represents a 19.72% increase from the previous low of $61.5849 trillion on the 24th of last month, an increase of $12.1438 trillion (approximately 1,479.1 trillion KRW) in 35 days.

Since stock prices rising more than 20% from recent lows are generally interpreted as entering a sustained upward trend, there is growing anticipation that the global stock market has entered a bull market.

However, the current market capitalization is still 17.30% lower compared to the pre-COVID-19 peak on January 20th (approximately $89.1565 trillion).

Looking at the market capitalization growth rate by country (compared to the previous low), Canada leads with 35.09%, followed by Venezuela (32.44%), Israel (31.72%), the United States (28.18%), Sweden (27.17%), and Norway (26.98%).

South Korea recorded a 23.28% increase, ranking 12th.

On the other hand, neighboring countries showed relatively low growth rates: China at 4.62%, Japan at 13.42%, and Hong Kong at 9.15%.

Meanwhile, among the 86 countries surveyed, market capitalization increased in 69 countries, but decreased in 17 countries including Jordan (-100%), Ukraine (-38.33%), Botswana (-15.82%), and Jamaica (-14.21%).

This content was produced with the assistance of AI translation services.