Hong Kong is third-largest stock market
CONTEXT:
- Hong Kong beat Japan to become the world’s third-largest stock market.
- It is now only behind the US and mainland China.
- Hong Kong’s market cap was $5.78 trillion compared with $5.76 trillion
- for Japan.
BACKGROUND
- Hong Kong’s market cap was $5.78 trillion as of Tuesday and Japan’s market cap was $5.76 trillion.
- Hong Kong’s Hang Seng Index climbed 17 per cent this year through Tuesday.