After US & China, Hong Kong becomes 3rd largest stock market replacing Japan
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After the US and China, Hong Kong has become the 3rd largest stock market in the world replacing Japan. While Japan was having a market capitalization of $5.76 trillion as of Tuesday, HK had $5.78 trillion market cap. HK's benchmark Hang Seng Index jumped by 17% in the current year and its Tencent Holdings has been the main driver with a 22% growth. Japan’s Topix Index improved by 8.3% during that period.