[South Korea Surpasses Canada to Become the World's Seventh-Largest Stock Market] Deep Tide TechFlow reports that on May 7, strong demand for chips required for artificial intelligence has propelled South Korea's stock market past Canada, making it the seventh-largest stock market globally. Data shows that the total market capitalization of South Korean listed companies has surged 71% this year, reaching $4.59 trillion, while Canada's market capitalization has risen about 7% to $4.5 trillion. Samsung Electronics and SK Hynix, which recently broke the trillion-dollar valuation mark, have seen their stock prices more than double this year. Their dominance in the AI chip sector has made their products and stocks highly sought after. South Korea's KOSPI has risen over 70% year-to-date, whereas Canada's benchmark stock index, the S&P/TSX Composite Index, which is dominated by resource and financial stocks, has only increased by 7%. Ha SeokKeun, Chief Investment Officer at Eugene Asset Management, stated: 'Benefiting from the AI-driven memory cycle, the market capitalization of South Korea's stock market is likely to expand further.' (Jin10)