Nigerian Stocks Vault Past South Korea’s Kospi to Claim World’s Top Returns

AI Summary

Nigerian stock markets have surpassed South Korea’s Kospi in terms of dollar-based returns for the year, driven by a decline in sentiment toward AI stocks affecting the Asian market performance. This development marks a significant shift in global equity rankings.

Nigerian equities have overtaken South Korea’s to hand investors the highest dollar-based returns this year, as souring sentiment on artificial-intelligence stocks pushes the Asian nation’s world-beating rally into bear territory.