India Overtakes Hong Kong As World’s 4th-Largest Stock Market
Delhi/Hyderabad, Jan 23 (Maxim News): India’s stock market has overtaken Hong Kong for the first time in another feat for the South Asian nation whose growth prospects and policy reforms have made it an investor darling.
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According to the data compiled by Bloomberg, 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, according to data compiled by Bloomberg. That makes India the fourth-biggest equity market globally. Its stock market capitalization crosses $4 trillion for the first time on Dec. 5 with about half of that coming in the past four years. (Maxim News)
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