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 Asi
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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.
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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. 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.
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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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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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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.
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