Data gathered by Buyshares.co.nz indicates that the top stock exchanges currently control a market capitalization of $63.89trn. According to the data, the United States takes a big chunk of the global stock market distribution.
NYSE dominates other exchanges
From the research data, the New York Stock Exchange occupies the top spot with a capitalisation of over $25.53 trillion. NASDAQ also from the United States holds the second spot with a capitalisation of $11.23 trillion. The Japan Exchange Group is third with a capitalisation of $5.1 trillion followed by China’s Shanghai Stock Exchange at $4.67 trillion. Hong Kong Exchanges is fifth with a capitalisation of $4.23 trillion.
Euronext Europe is sixth on the list with an equity capitalization of $3.67 trillion followed by China’s Shenzhen Stock Exchange at $3.28 trillion. Elsewhere, Italy and UK based London Stock Exchange is seventh with a capitalisation of $2.92 trillion. TXM group from Canada and India’s BSE Limited occupy the ninth and tenth spot with a capitalisation of $1.75 trillion and $1.51 trillion respectively.
The Buyshares.co.nz report highlights that the stock market plays a vital role in the economic growth of a country. When the market is depressed like during the coronavirus pandemic, the economic growth of a country becomes uncertain.
According to the report, “During the pandemic, many stocks plunged to all-time lows, sparking an investment interest from the public. The investors took advantage of the low prices with the hope of profiting once the stock market recovers.”
The research also over viewed the distribution of countries with the largest stock market globally as of January 2020 where the United States accounted for 54.5%. Japan follows a distant second with 7.7%, followed by the United Kingdom at 5.1%. China is the fourth with 4% of the global stock market while France caps the top five categories at 3.2%.
Switzerland is sixth at 2.7% followed by Canada, Germany, and Australia accounting for 2.7%, 2.6%, and 2.2% respectively. Smaller yearbook stocks account for 6.3% of the global stock market. On the other hand, the stock market not in the yearbook accounts for 8.9%.