India's share market becomes the fourth largest market in the world, Hong Kong also left behind in the race
The stock market in India is currently the fourth biggest in the world. The Hong Kong Stock Exchange occupied the first and fourth places. The stock market in Hong Kong has now been surpassed by India. By Monday's end, the total value of stocks listed on Indian markets was USD 4.33 trillion. Hong Kong's share was US$4.29 trillion at the same time.
According to a Bloomberg report, the Indian stock market has overtaken Hong Kong to become the fourth-largest equity market globally.
As of Monday's end, the aggregate value of stocks listed on Indian markets was US$4.33 trillion, as disclosed by Bloomberg. Hong Kong had a 4.29 trillion US dollar share at the same time.
On December 5, 2023, the stock market capitalization of India surpassed US$4 trillion for the first time. This has happened in the last four years by almost half. The US, China, and Japan stock markets are the top three in the globe.