World's hottest stock market turns focus to MSCI moment

South Korea's Kospi, the world's best-performing major benchmark with a 90%+ surge, awaits MSCI's June 23 annual classification review for a potential developed-market watchlist inclusion. Korea currently holds a 23% weighting in the MSCI Emerging Markets index, and an upgrade could trigger significant passive fund reallocations across emerging market indices. Korea's market capitalisation briefly surpassed India's at ~$4.4 trillion, making any EM reweighting relevant for Indian equity flows.