Nigeria surpasses South Korea to become the world’s best stock market, with a US dollar return rate of 68%

robot
Abstract generation in progress
Bijie.com news: Nigeria’s stock market, with a 68% USD return rate, has surpassed South Korea to become the world’s best stock market. According to data from global market investor analytics platforms, Nigeria’s stocks have already outperformed South Korea’s stocks in USD-denominated returns and are expected to continue leading the global market in 2026. Since the beginning of the year, Nigeria’s benchmark equity index has risen by about 68% in USD terms, slightly higher than South Korea’s KOSPI’s 66% return. This ranking is based on data from 92 stock exchanges covered by Bloomberg. South Korea’s shift from leadership is driven by a sharp reversal in its market: the KOSPI has fallen by about 22% since its peak on June 19 and entered a technical bear market this week as sentiment toward AI-related stocks worsened. Meanwhile, Nigeria’s rise has been supported by factors such as economic reforms, higher oil prices, and improved foreign-exchange liquidity. Analysts noted that Nigeria’s rally stands in sharp contrast to the South Korean market’s reliance on semiconductor and AI-related stocks, whose market volatility remains high.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 1
  • Share
Comment
Add a comment
Add a comment
MoonlightShellPool
· 3h ago
Nigeria’s 68% is truly impressive—it's already reaping the dividend from the reform.
View OriginalReply0
GateUser-14cb5f72
· 3h ago
With a combo punch like improving oil prices and foreign exchange liquidity, it’s essentially a playbook for emerging markets.
View OriginalReply0
Low-PolyFloatingEarth
· 4h ago
KOSPI is held hostage too deeply by semiconductors—when AI cools off, it’s naked in the water; structural problems.
View OriginalReply0
  • Pinned