Stocks in China and Hong Kong Sell Off $4.8 Trillion in Market Capitalization

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 72%

Finance News

Stocks,China,Hong Kong

Stocks in China and Hong Kong have sold off a massive $4.8 trillion in market capitalization since 2021, surpassing the value of the Indian stock market. Despite a subdued global IPO market, Indian stock exchanges have had the most IPOs in 2023.

Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since 2021, which according to HSBC, is more than the value of the Indian stock market. Despite a subdued global IPO market, research from EY showed Indian stock exchanges also had the most IPOs in 2023. MUMBAI, MAHARASHTRA, INDIA - 2024/02/01: A circular metal emblem with words 'This sign indicates buying of shares' is seen near the pavement of a street near Bombay Stock Exchange (BSE) in Mumbai.

Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since 2021, which according to HSBC, is more than the value of the Indian stock market. The statistic does not bode well for either China or Hong Kong, especially when the National Stock Exchange of India has only grown during the same perio

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia. U.S. futures were lower while oil prices rose. China real estate developer Vanke’s Hong Kong-listed shares slumped 11.4% on Tuesday after the company reported last week of a notable decrease in profit and no dividend payout.
Source: AP - 🏆 728. / 51 Read more »

Hong Kong stocks lead gains in Asia-Pacific markets as Xiaomi shares surge 15%Xiaomi Corp shares jumped 15%, leading gains on the Hang Seng index, while investors assessed economic data from South Korea and Australia.
Source: NBCNewYork - 🏆 270. / 63 Read more »