China loses spot as world's number 2 stock market: report
3 Aug 2018 9:32 AM IST3 Aug 2018 9:32 AM IST
The figures showed Chinese stocks were worth USD 6.09 trillion, compared with USD 6.17 trillion in Japan.
Early stock markets were mixed with Australia down 0.5 per cent while New Zealand stocks up 0.4 per cent.
Shanghai: China's stock market has been overtaken as the world's second-biggest by Japan's, having been swiped this year by the threat of a trade war with the United States and slowing economic growth.
Data from Bloomberg News in intra-day trade showed the value of equities on the mainland had slipped behind those in their neighbouring country for the first time since taking the number-two spot in 2014.
The figures showed Chinese stocks were worth USD 6.09 trillion, compared with USD 6.17 trillion in Japan.
( Source : AFP )
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