South Korea overtakes Canada as world's 7th largest stock market

South Korea's stock market has surpassed Canada's to become the seventh largest in the world. The total market capitalization of South Korean listed companies has surged 71% this year to $4.59 trillion. In comparison, Canada's market capitalization rose approximately 7% to $4.5 trillion. The Korea Composite Stock Price Index has gained more than 70% this year, while the Toronto Stock Exchange Composite Index, the benchmark for Canada's resource- and financial-heavy stock market, has risen only 7%.