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Based on the agency's estimates using data from 92 of the biggest stock exchanges globally, Nigeria's primary stock index has yielded 67% in dollar terms since the beginning of the year, whereas South Korea's main index, the Kospi, has seen a return of 66%. Ghana's stock exchange ranks third, achieving a return of 56.6%, while Taiwan's holds the fourth position with a return of 54.3%.
South Korea's stock market has transitioned into a bear market, declining over 20% from its June peak. Investors are currently pulling out money, questioning the long-term viability of demand for stocks related to artificial intelligence, Bloomberg states. The two semiconductor manufacturers SK Hynix and Samsung have the highest proportions in the Kospi. Since the start of July, they have decreased by roughly 17%.
Nigerian stocks are increasing due to economic reforms, higher oil prices, and a better supply of foreign currency in the domestic market. The market's attractiveness could be enhanced by reports that S&P Dow Jones is thinking about elevating Nigeria to "frontier" status, just below emerging markets.
source: bloomberg.com
South Korea's stock market has transitioned into a bear market, declining over 20% from its June peak. Investors are currently pulling out money, questioning the long-term viability of demand for stocks related to artificial intelligence, Bloomberg states. The two semiconductor manufacturers SK Hynix and Samsung have the highest proportions in the Kospi. Since the start of July, they have decreased by roughly 17%.
Nigerian stocks are increasing due to economic reforms, higher oil prices, and a better supply of foreign currency in the domestic market. The market's attractiveness could be enhanced by reports that S&P Dow Jones is thinking about elevating Nigeria to "frontier" status, just below emerging markets.
source: bloomberg.com
