Hong Kong’s stock market becomes world’s third largest, behind only the US and China
11th April, 2019Category: Businss and Economy, International
Hong Kong's market cap was $5.78 trillion as of Tuesday, compared with $5.76 trillion for Japan for the first time since 2015. Hong Kong's equity market thus sits in third position, overtaking Japan, to be the world’s third largest in value, behind only the United States of America and Mainland China, due to a significant rebound in Hong Kong stocks since their lows in 2011.
Internet giant Tencent Holdings Ltd. has been the main driver with a 22 per cent gain. Japan’s Topix Index advanced 8.3 percent in that period.
Read More: Business Standard, Bloomberg, The Economic Times, The Telegraph (UK), Business Wire