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

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

Static/Current Takeaways Important For LIC AAO Mains Exam:

  • Hong Kong is an autonomous territory, and former British colony, in southeastern China.

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