World stock markets made investors richer amid COVID-19
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BusinessToday.In
May 11, 2021,
Updated May 11, 2021, 9:57 AM IST
The market capitalisation (m-cap) of Korea has risen the most during 2020-2021 amid the coronavirus pandemic. Korea's m-cap has shot up by 82 per cent to reach $2.2 trillion till April 2021.
Taiwan's m-cap has also seen a tremendous rise during the pandemic. Its m-cap has risen by 74 per cent in FY21 to reach $2.2 trillion.
India, despite being hit hard by COVID-19 pandemic, has seen a rise of 62 per cent in market capitalisation, making investors richer post pandemic. India's m-cap has reached $2.7 trillion at the end of April 2021.
The United States of America, which commands the highest market capitalisation of $48.5 trillion, has witnessed a rise of 56 per cent during FY21.
With a 52 per cent jump, Brazil has seen the fifth highest rise in market capitalisation across the world. Its m-cap has reached $0.9 trillion by the end of FY21.
With a market capitalisation of $11.1 trillion in FY21, China has seen a 51 per cent rise in its m-cap. China's is second only to the US in the rankings of m-cap across the world.
The United Kingdom has seen an appreciation of 38 per cent in its market capitalisation since the origination of coronavirus pandemic. Its m-cap has reached $3.6 trillion at the end of FY21.