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.
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