[서울신문] World listed stock market cap exceeds $100 trillion for the first time in history… Over 20% of world GDP

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▲ The market capitalization of listed stocks traded in the global stock market exceeded 100 trillion dollars (about 10 times 9950 trillion won). The photo shows a trader on the New York Stock Exchange on the 24th of last month, when the Dow Jones 30 Industrial Average of the US New York Stock Market reached 30,000 for the first time in 124 years, wearing a hat with the word’Dow 30,000′ written on it. New York AP Yonhap News

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The market cap of listed stocks traded in the global stock market exceeded 100 trillion dollars (about 10 yuan, 9950 trillion won). This is thanks to the fact that central banks around the world have started to release money to respond to the Corona 19 pandemic (a global pandemic) that has hit the world since the beginning of this year, and the success of the corona vaccine development was a good thing.

According to Japan’s Nippon Geizai Shimbun, the market capitalization of listed stocks in the world reached 100,1872 billion dollars as of the 18th. This is an increase of 17% compared to the end of last year, before the Corona 19 crisis. This is more than 20% higher than the world’s nominal gross product this year (GDP, 83 trillion dollars) estimated by the International Monetary Fund (IMF).

The market cap of world listed stocks shrank to $59 trillion in March last year as the stock price plummeted due to the spread of Corona 19 at the beginning of this year. However, due to the large-scale fiscal policy and financial easing efforts by governments and central banks around the world to expand liquidity supply, the market has turned to a sharp rise as the market overflows with money. In addition, as expectations for the spread of the Corona 19 vaccine were reflected, the market cap also sharply increased thanks to the global stock price soaring to the ceiling, such as the US Dow Jones 30 industry average exceeding 30,000.

By industry, since the end of last year, the market capitalization of technology services such as software-related has soared 57%, rising to the top among major industries. This was followed by a 47% increase in the market cap of consumer durables, which led to a strong growth in automobiles and games, where expectations for electric vehicles (EV) spread. The market capitalization of healthcare-related stocks also increased by 28%, placing it at the top. On the other hand, the biggest decline in market capitalization was in the energy sector, which recorded -17%. In the energy industry, the prospect that demand for petroleum products will be sluggish due to the stagnation of people movement and logistics due to the corona 19 was a bad thing.

By company, the US Apple, which has the world’s largest market cap, increased by 65%, exceeding the $2 trillion wall for the first time in the world. Tesla, an electric car maker, has doubled its market cap, and Nvidia, a semiconductor maker, has doubled. In particular, the market capitalization of medical-related companies was remarkable, with Swiss Relief Therapeutics, a developer of Corona 19 treatment, exploding 635 times. Among Chinese companies, the main stocks, such as Internet service provider Tencent, increased by 56% and Alibaba group by 25%, increased the market cap at the same time.

Senior Reporter Kyu-Hwan Kim [email protected]
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