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Hong Kong stock market has become the third largest market in terms of capitalization

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Hong Kong stock market has become the third largest market in terms of capitalization
April 10
13:00 2019

The stock market in Hong Kong took the world’s bronze in terms of capitalization, overtaking the market in Japan. Now the top three looks like this: USA, mainland China and Hong Kong.

According to Bloomberg, on Tuesday the capitalization of the Hong Kong market reached $ 5.78 trillion. The Japanese market is estimated at $ 5.76 trillion.

During this year, the Hang Seng index has shown an increase of 17% and reached its highest level since last summer.  The Internet giant Tencent Holdings contributed greatly to this indicator. Its shares have risen by 22%.

This year the growth of the Japanese index Topix has amounted to 8.3%.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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