Global Price disconnect

Samsung Electronics

Market Cap: ₩1898.2t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

SK hynix

Market Cap: ₩1453.4t

Research, develops manufactures, and sells semiconductor devices in Korea, China, rest of Asia, the United States, and Europe.

Tencent Holdings

Market Cap: HK$4.0t

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

Mastercard

Market Cap: US$440.5b

A technology company, provides transaction processing and other payment-related products and services in the United States and internationally.

Industrial and Commercial Bank of China

Market Cap: HK$2.8t

Provides banking products and services in the People's Republic of China and internationally.

Roche Holding

Market Cap: CHF 266.7b

Engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and New Zealand.

Agricultural Bank of China

Market Cap: HK$2.5t

Provides banking products and services.

China Construction Bank

Market Cap: HK$2.4t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Bank of China

Market Cap: HK$2.1t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Shell

Market Cap: UK£179.3b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

TotalEnergies

Market Cap: €172.8b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Novo Nordisk

Market Cap: DKK 1.3t

Engages in the research and development, manufacture, and distribution of pharmaceutical products.

AT&T

Market Cap: US$175.5b

Provides telecommunications and technology services worldwide.

Allianz

Market Cap: €147.9b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Gilead Sciences

Market Cap: US$166.8b

A biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally.

Anheuser-Busch InBev

Market Cap: €141.0b

Produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

China Life Insurance

Market Cap: HK$1.0t

Operates as a life insurance company in the People’s Republic of China.

Chubb

Market Cap: US$127.2b

Provides insurance and reinsurance products worldwide.

Investor

Market Cap: SEK 1.2t

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Enbridge

Market Cap: CA$174.1b

Operates as an energy infrastructure company.

Zijin Mining Group

Market Cap: CN¥855.6b

Engages in exploration and extraction of metals in Mainland China and internationally.

Bristol-Myers Squibb

Market Cap: US$121.4b

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

Progressive

Market Cap: US$116.6b

Operates as an insurance company in the United States.

Zurich Insurance Group

Market Cap: CHF 84.8b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

SK Square

Market Cap: ₩155.7t

Invests in semiconductor, and information and communication technologies in South Korea, China, Asia, the United States, and Europe.

GSK

Market Cap: UK£76.4b

Engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally.

Adobe

Market Cap: US$98.9b

Operates as a technology company worldwide.

Williams Companies

Market Cap: US$96.0b

Operates as an energy infrastructure company primarily in the United States.

FedEx

Market Cap: US$94.1b

Provides transportation, e-commerce, and business services in the United States and internationally.

ING Groep

Market Cap: €77.8b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Automatic Data Processing

Market Cap: US$90.1b

Provides cloud-based human capital management (HCM) solutions worldwide.

Comcast

Market Cap: US$90.0b

Operates as a media and technology company worldwide.

Intuit

Market Cap: US$87.5b

Provides financial management, payments and capital, compliance, and marketing products and services in the United States.

HCA Healthcare

Market Cap: US$87.4b

Through its subsidiaries, provides health care services in the United States.

Boston Scientific

Market Cap: US$85.9b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Bank of Communications

Market Cap: HK$657.1b

Provides commercial banking products and services in China and internationally.