With a market value of $47.32 trillion, the United States now leads the globe, followed by China ($11.52 trillion), Japan ($6 trillion), and Hong Kong ($5.55 trillion). India surpassed the United Kingdom, Canada, and Saudi Arabia to become the world's fifth most valuable stock market. At $47.32 trillion, the United States is the world's largest market, followed by China ($11.52 trillion), Japan ($6 trillion), and Hong Kong ($5.55 trillion). With the exception of Saudi Arabia, all major global financial markets have fallen as a result of Russia-Ukraine hostilities. Since the beginning of December, the United States has lost about $6.6 trillion, China has lost $1.48 trillion, Japan has lost $622 billion, and Hong Kong has lost $524.31 billion. Since the beginning of the year, India has lost less money: $257.35 billion. According to Morgan Stanley, despite the spike in crude, Indian equities have held up exceptionally well, likely due to a combination of a shift in macro financing...
Comments