- India beats Hong Kong to become world’s fourth-largest stock market.
- The United States, China, and Japan are the leading countries in terms of global stock market size and influence.
- Here is a summary for you.
Global stock market standing
India has surpassed Hong Kong, securing its position as the world’s fourth-largest stock market.
The combined value of shares on Indian exchanges is $4.33 trillion, exceeding Hong Kong’s $4.29 trillion.
Exceptional growth in the Indian stock market
Over the past 12 months, India’s stock market has witnessed remarkable growth.
Market capitalization crossed $4 trillion on December 5, 2023.
Performance comparison
Sensex and Nifty, the key indexes of BSE and NSE, gained a cumulative 17-18% during the year.
In contrast, Hong Kong’s Hang Seng Index experienced a cumulative decline of 32-33%.
While Indian stocks soared, Hong Kong faced a historic slump.
This downturn in Hong Kong impacted some of China’s most influential and innovative listed firms in the region.
