After US & China, Hong Kong becomes 3rd largest stock market replacing Japan
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.