Tokai Fuji Brokerage Reports That Hong Kong Has Overtaken Japan Becoming the Third Largest Stock Market

Tokai Fuji Brokerage has noted that Hong Kongs equity market has reached new heights overtaking Japan to ensure its spot as the world's third largest stock market in value.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, April 10, 2019
Information
Tags: 
Professional services, Finance, Economy, Finance, Money, Capitalism, Stock market, Financial analyst, Short, Market capitalization
Geotags: 
United Kingdom, Europe, China, Hong Kong, IRELAND, Japan
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Summary
Key Points: 
  • Tokai Fuji Brokerage has noted that Hong Kongs equity market has reached new heights overtaking Japan to ensure its spot as the world's third largest stock market in value.
  • Hong Kong sits in third position behind the United States of America and Mainland China, due to a significant rebound in Hong Kong stocks since their lows in 2011.
  • Tokai Fuji Brokerage , a Japanese financial investment brokerage, has reported that Hong Kong's financial stock market capitalization stood at just over $5.78 trillion earlier this week.
  • Equity research analysts from Tokai Fuji Brokerage noted that Japan's market capitalization was just short at $5.76 trillion.


Tokai
Fuji Brokerage has noted that Hong Kong’s equity market has reached
new heights overtaking Japan to ensure its spot as the world's third
largest stock market in value.

Hong Kong sits in third position behind the United States of America and
Mainland China, due to a significant rebound in Hong Kong stocks since
their lows in 2011.

Tokai
Fuji Brokerage, a Japanese financial investment brokerage, has
reported that Hong Kong's financial stock market capitalization stood at
just over $5.78 trillion earlier this week. Equity research analysts
from Tokai
Fuji Brokerage noted that Japan's
market capitalization was just short at $5.76 trillion.

Since the start of the financial year the Hong Kong benchmark ‘Hang Seng
Index’ has rallied over 17 percent closing at its highest point since
2015. Companies which contribute to the constitute index such as Asian
internet giant Tencent Holdings Ltd added a significant amount while its
stock rallied over 22 percent.

“Hong Kong’s financial stock exchange has been prominent over recent
years as they aim to become a major fundraising hub, they have allowed
investors from all over the world make it more accessible to invest
which has had a positive effect,” commented Michael Blackburn, Head of
Corporate Trading at Tokai
Fuji Brokerage.

Both Hong Kong and Japanese markets traded flat due to an economic
outlook from the IMF (International Monetary Fund) as they were
concerned about a global slow down in growth amid heightened tensions
surrounding tariffs on the European Union.

Hong Kong markets are still hovering above the 30,000-point range that
they had broken through.

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