Current Affairs 13th April 2019

Current Affairs 13th April 2019 - Important Points

• Hong Kong’s stock market overtakes Japan to be world’s third largest -  Equity market

 Current Affairs 13th April 2019 - Details

Hong Kong’s stock market overtakes Japan to be world’s third largest -  Equity market

Hong Kong’s equity market has surpassed Japan to be the world’s 3rd largest in value, behind only the United States and mainland China. This is due to the reverberation witnessed in Hong Kong stocks after their wickedest year since 2011.
Hong Kong Equity Market

• Hong Kong’s market capital was $5.78 trillion as of Tuesday and Japan’s market capital was $5.76 trillion.
• Hong Kong’s Hang Seng Index scaled 17% this year through Tuesday.
• The main driver behind the climb was Internet giant Tencent Holdings Ltd. which has saw a 22% gain.
• Japan’s Topix Index advanced 8.3% this year.
• As the IMG published the World Economic Outlook April 2019 report, both markets saw a slowdown.
• The Hang Seng Index slipped 0.1% and the Topix fell 0.7%.