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China becomes world’s third largest stock market | China has become the world’s third largest stock market, the country’s securities regulator said. According to the China Securities Regulatory Commission, the total
market value of the Shanghai and Shenzhen markets hit 3.07 trillion dollars as
of the end of May. The total market value so far was up 393.76 percent compared
to the 2003 level, Xinhua news agency reports. The United States has two of the
top three exchanges based on market value. The New York Stock Exchange (NYSE)
is the largest exchange by far with a market value of 9.57 trillion dollars, while
NASDAQ exchange has a market value of 2.77 trillion dollars. Japan ’s Tokyo Stock
Exchange is the second largest stock market with a market value of 3.1 trillion
dollars. In Europe , Euronext is the largest with a market value of 2.26 trillion
dollars, followed closely by the London Stock Exchange with a market value of
2.2 trillion dollars. |
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