April 20, 2024

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[THE INVESTOR] Samsung Electronics’s global market capitalization ranking slid to 18th place among the top 100 companies this year, data showed on Feb. 12.

Samsung’s market cap rose 16 percent on-year to US$283.1 billion as of Feb. 2, according to the data compiled by the country’s bourse operator Korea Exchange.

Still, the Korean tech giant saw is standing fall from 15th place.

The decline came as market capitalizations of foreign firms rose amid bullish markets.

Apple topped the list with a market capitalization of US$814.4 billion, followed by Google with US$774.9 billion and Microsoft with US$706.7 billion.

The data showed that China’s tech giant Tencent saw its global ranking jump to 6th place from 14th place a year earlier.

E-commerce firm Alibaba as well as Industrial and Commercial Bank of China also made the global top 10 list.

By Seong Seung-hyun and newswires (ssh@heraldcorp.com)