The Indian stock market has become the fourth largest in terms of total company capitalization. According to this indicator, India has overtaken Hong Kong: the second market has been declining in recent years, while the Indian market has doubled in four years.
India for the first time overtook Hong Kong in terms of stock market volume and became the fourth largest country in the world according to this indicator. Bloomberg writes about this.
At the close of trading on Monday, the total value of shares of companies traded on Indian stock exchanges reached $4.33 trillion. At the same time, the total capitalization of companies in the Hong Kong market amounted to $4.29 trillion.
In the last four years, the Indian stock market has almost doubled. At the same time, the Hong Kong stock market has been falling for several years, the agency notes.
The first stock market in the world is the US market with a business capitalization of $50.8 trillion. In second place is China with 8.4 trillion dollars, in third place is Japan with 6.3 trillion dollars.
Author:
Kirill Bilyk
Source: RB
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