Quick Bites | The world’s biggest stock markets

This graphic illustrates the biggest stock markets by country, providing a breakdown of $110 trillion in value. The global market capitalisation of stock markets by country is based on figures from S&P Dow Jones Indices, more specifically, the S&P Global Broad Market Index, which captures over 14,000 stocks from developed and emerging markets. As a point of reference, it also illustrates the size of the “Magnificent 7” stocks within the US market.

Source: Visual Capitalist

 

After the US, the 3 largest stock markets are all located in Asia. India’s total market capitalisation rose above $4 trillion for the first time in early 2024, cementing the country as the world’s fourth-largest equity market.

According to reporting from Bloomberg, the market capitalisation of companies listed on Indian exchanges has grown by $1 trillion in under three years, making the country one of the best-performing emerging markets.

Meanwhile, stock markets in China and Hong Kong have moved in the opposite direction, wiping out an estimated $6 trillion in value since their 2021 peaks. The Hang Seng Index, Hong Kong’s primary stock index, has shrunk by more than 40% over the past five years. Australia ranks 13th in size.

Might of the Magnificent Seven

Although Tesla is down 28% year to date, the Magnificent 7 continues to dominate thanks to Nvidia’s rapid ascension into a $2 trillion company. Overall, the group accounts for roughly a quarter of the overall US stock market.

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