World's hottest stock market turns focus to MSCI moment

South Korea's Kospi has surged over 90% this year to become the world's best-performing major equity benchmark, briefly overtaking India as the world's sixth-largest market at ~$4.4 trillion. Investors are awaiting MSCI's June 23 annual review for potential watchlist inclusion for developed-market status, though most expect Korea to remain in the emerging-market category. The rally is heavily concentrated in AI-linked names like Samsung Electronics and SK Hynix, which account for over half the index weighting.