Current Affairs International

Hong Kong’s Stock Market Overtakes Japan To Be World’s 3rd Largest

Category : International

 

Hong Kong’s equity market has overtaken Japan to be the world’s third largest in value, behind only the U.S. and mainland China. Hong Kong’s market cap was $5.78 trillion, compared with $5.76 trillion for Japan, according to data compiled by Bloomberg based on where primary securities are listed.

The Asian city’s Hang Seng Index climbed 17% in 2019 through, when it closed at its highest since June 15. Internet giant Tencent Holdings Ltd. has been the main driver with a 22% gain. Japan’s Topix Index advanced 8.3% in that period.

Source- Business Standard



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