Trading Market: India Becomes 4th Largest Share Market Globally, Overtakes Hong Kong

Share Market News: For the first time, the Indian stock market has surpassed Hong Kong to take the fourth spot among all equity markets worldwide. Bloomberg data shows that as of Monday’s close, the total value of shares listed on Indian exchanges was $4.33 trillion, compared to $4.29 trillion for Hong Kong. On December 5, the value of the Indian stock market crossed $4 trillion for the first time, with nearly half of that amount occurring in the previous four years. The top three share markets of the world are Japan in third position ($6.36 Trillion), China in second ($8.44 Trillion), and America tops the list with $50.86 Trillion. 

Decline in China-Hong Kong Market Value

Talking about Hong Kong, the markets have collapsed, with the value of Chinese and Hong Kong stocks falling by over $6 trillion since 2021. According to a report, Beijing’s strict anti-Covid-19 restrictions, corporate regulatory crackdowns, a property-sector crisis, and geopolitical tensions with the West have all worked to reduce China’s appeal as the world’s growth engine.