This story is from June 03, 2024
Top 10 Stock Markets in the World 2024: What is the largest stock market in the world? Did you know that the market capitalization of the world’s largest stock market is more than 11 times of the Indian stock market? What is the largest stock market in Asia and where does India rank? Stock markets are broadly seen as an indicator of an economy’s strength. We take a look at the world’s top 10 stock markets in terms of combined market capitalization of its stock exchanges as per data shared by Anand Rathi Shares and Stock Brokers: (AI image)
The US, with major stock exchanges like the New York Stock Exchange and Nasdaq Stock Market, holds the title for the world’s largest stock market with a whopping market capitalization of $55.58877 trillion! Its market cap has gone up from $50.68125 trillion in December 2023. (AI image)
China, with its major stock exchange the Shanghai Stock Exchange, has the world’s second largest stock market as of May 27 with a total market capitalization of $9.17833 trillion. However it has declined by 3.77% from the levels of $9.53800 trillion in December 2023. (AI image)
Japan, with its major stock exchange as The Tokyo Stock Exchange, has a total stock market capitalization of $6.33139 trillion. It is the third largest stock market in the world and has risen in terms of market cap from $6.23549 trillion in December 2023. (AI image)
Hong Kong is the world’s fourth largest stock market and its major stock exchange is The Hong Kong Stock Exchange. As of May 2024, Hong Kong’s combined market capitalization is $5.26510 trillion, up from $4.72699 trillion in December 2023. (AI image)
India, with Bombay Stock Exchange and National Stock Exchange as its major stock exchanges, has moved up to the fifth spot in the world’s top 10 largest stock markets list. Its market capitalization currently stands at $4.79636 million. According to some estimates, it recently crossed the $5 trillion mark in May 2024. This is a big rise from $4.20198 trillion in December 2023. (AI image)
France has the world’s sixth largest stock market with a market capitalization of $3.40393 trillion as of May 2024. In December 2023, the market capitalization of France, with its major stock exchange Euronext Paris, stood at $3.27411 trillion. (AI image)
The United Kingdom, with its major stock exchange as The London Stock Exchange, ranks seventh in the list of largest stock markets. It has a combined market capitalization of $3.26656 trillion. This is an increase from $3.08886 trillion in December 2023. (AI image)
Canada’s stock market, standing at the eight rank with its major stock exchange as the Toronto Stock Exchange, has a total market capitalization of $3.02663 trillion. Its market cap has risen from $2.90455 trillion in December 2023. (AI image)
Saudi Arabia ranks 9th in the list of the world’s largest stock markets by market capitalization. Its major stock exchange is the Saudi Exchange. The market cap of Saudi Arabia’s stock market currently stands at $2.83320 trillion, down from $3.00110 trillion in December 2023. (AI image)