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. 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 period. The NSE overtook Hong Kong Stock Exchanges and Clearing to become the fourth largest in the world in January, according to data from the World Federation of Exchanges, and is worth $4.63 trillion, making it the third largest in Asia. This is indicative of how much traction Indian stocks have gained in the last few years, in contrast to declines in both China and Hong Kon
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Stocks in China and Hong Kong Lose $4.8 Trillion in Market CapitalizationStocks in China and Hong Kong have lost a massive $4.8 trillion in market capitalization since 2021, surpassing the value of the Indian stock market. Meanwhile, the National Stock Exchange of India has grown and become the fourth largest in the world.
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Stocks in China and Hong Kong Sell Off $4.8 Trillion in Market CapitalizationStocks 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.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
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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.
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