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Representative image | Photo: Bloomberg
Hong Kong has regained its spot as the world’s fourth-largest market following a broad market rout in Indian equities. Currently, the Chinese territory’s market capitalisation stands at $4.9 trillion versus India’s $4.75 trillion, as per data compiled by Bloomberg.
In January, the domestic equity markets’ market capitalisation had surpassed that of Hong Kong following a spectacular rally in the small- and mid-cap stocks. On the other hand, the Hong Kong markets, after recording a four-year losing streak in 2023, fell another 10 per cent in 2024. However, from 2024 lows the China and Hong Kong markets have rebounded more than
First Published: Mar 25 2024 | 12:51 PM IST