India Surpasses Hong Kong, Becomes Fourth-Largest Stock Market Globally
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India's stock market capitalization crossed $4 trillion for the first time on Dec. 5, with about half of that coming in the past four years. The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong. India’s stock market has surpassed Hong Kong’s for the first time, marking another milestone for the South Asian nation. India is now the world’s fourth-largest equity market. The surge in Indian stocks is attributed to a swiftly expanding retail investor community and robust corporate earnings. China's strict anti-COVID-19 measures, regulatory actions against corporations, a crisis in the property sector, and geopolitical tensions with Western nations have collectively diminished China’s allure as the global growth engine. UBS Group AG anticipates that Chinese stocks will outshine their Indian counterparts in 2024. Bernstein anticipates a recovery in the Chinese market and advises capitalizing on profits from Indian stocks.
#India #HongKong #StockMarket #EquityMarket #Investments
https://www.news18.com/business/india-overtakes-hong-kong-as-worlds-fourth-largest-stock-market-8750993.html
News18 /
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2024-01-23 12:01:13
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2024-01-23 12:01:13Event JSON
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"content": "India Surpasses Hong Kong, Becomes Fourth-Largest Stock Market Globally\n==========\n\nIndia's stock market capitalization crossed $4 trillion for the first time on Dec. 5, with about half of that coming in the past four years. The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong. India’s stock market has surpassed Hong Kong’s for the first time, marking another milestone for the South Asian nation. India is now the world’s fourth-largest equity market. The surge in Indian stocks is attributed to a swiftly expanding retail investor community and robust corporate earnings. China's strict anti-COVID-19 measures, regulatory actions against corporations, a crisis in the property sector, and geopolitical tensions with Western nations have collectively diminished China’s allure as the global growth engine. UBS Group AG anticipates that Chinese stocks will outshine their Indian counterparts in 2024. Bernstein anticipates a recovery in the Chinese market and advises capitalizing on profits from Indian stocks.\n\n#India #HongKong #StockMarket #EquityMarket #Investments\n\nhttps://www.news18.com/business/india-overtakes-hong-kong-as-worlds-fourth-largest-stock-market-8750993.html",
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