India Slips to 7th Spot as South Korea Overtakes in Global Market Capitalisation

India has slipped to the seventh position in the global stock market rankings after South Korea's total market capitalisation surged to $5.04 trillion as of June 1. India's market capitalisation stood at $4.84 trillion, allowing South Korea to move ahead and claim the sixth spot.

The development comes after Taiwan had already surpassed India with a market capitalisation of $5.15 trillion, securing the fifth position globally. With two major Asian markets overtaking India in quick succession, investors are closely monitoring the rapidly evolving dynamics of the region's financial markets and the shifting balance of global investment flows.