Global market capitalisation or the total value of all listed stocks in the world crossed $100 trillion mark for the first time last week led by the tech-driven market rally in the US and China. On December 5, the world’s market capitalisation was at $100.5 trillion, or about Rs 7,400 lakh crore, the Times of India mentioned in a report citing Bloomberg data.
A large part of this rally was led by tech stocks in the US, popularly known as FAANGM (Facebook, Apple, Amazon, Netflix, Google and Microsoft), market players said. At close of trading last week, the US had an m-cap of $41.6 trillion, while China’s was $10.7 trillion. India, with a market cap of about Rs 180 lakh crore or $2.4 trillion, was placed 10th.
From 39.5% at the start of the year, the US now has a share of over 41.6% to lead the global market cap table, while China with 10.7% from 8.4% at the start, is the secondmost valued. Likewise, India’s share currently is 2.4%, down marginally from 2.5% at the start of the year.
On the other hand, Japan — the country with the thirdhighest market cap — grew from $6.3 trillion to nearly $6.8 trillion, but its share in global m-cap slid from 7.2% to just over 6.7%.
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