Which stock market overtakes Japan to be world’s third largest stock market?
A. Hong Kong stock Market
B. BSE
C. Euronext Paris
D. Australian Securities Exchange
Answer:A
Which stock market overtakes Japan to be world’s third largest stock market?
A. Hong Kong stock Market B. BSE C. Euronext Paris D. Australian Securities Exchange
Explanation: Hong Kong’s equity market has overtaken Japan to be the world’s third largest in value, behind only the U.S. and mainland China. This is due to the rebound witnessed in Hong Kong stocks after their worst year since 2011. Hong Kong’s market cap was $5.78 trillion as of 9th April 2019 and Japan’s market cap was $5.76 trillion. Hong Kong’s Hang Seng Index climbed 17 per cent this year. The main driver behind the climb was Internet giant Tencent Holdings Ltd. which has witnessed a 22 per cent gain. Japan’s Topix Index advanced 8.3 per cent this year.