India became the 7th largest stock market in the world as it surpassed Hong Kong

For more headlines like this, please subscribe to Afrihkanews.com 

The BSE building located at Dalal Street, Fort, Mumbai. Photo: Wikipedia

India’s stock market value has surpassed Hong Kong’s and set off as the seventh largest in the world.

The India total market capitalization of the National Stock Exchange of India at the end of last month was recorded as $3.989 trillion while Hong Kong’s $3.984 trillion, the World Federation of Exchanges data reported.

India’s Nifty 50 index achieved a new landmark record high on Tuesday as it jumped 16% so far this year and is headed for its eighth straight year of gains.

Contrarily, Hong Kong’s benchmark Hang Seng index has plunged 17% year to date.

India has been a standout market this year in the Asia-Pacific region. Increased liquidity, more domestic participation and improving dynamics in the global macro environment in the form of falling U.S. Treasury yields have all boosted the country’s stock markets,  CNBC reported.

印度超越香港成為全球第七大股市

印度股市市值已超過香港，躍居全球第七名。

世界交易所聯合會的數據顯示，截至上月底，印度國家證券交易所的總市值為3.989兆美元，而香港的總市值為3.984兆美元。

印度 Nifty 50 指數週二創下歷史新高，今年迄今已上漲 16%，並有望連續第八年上漲。

相反，香港基準恆生指數今年迄今已暴跌 17%。

印度是今年亞太地區表現突出的市場。 根據 CNBC 報道，流動性增加、國內參與度增加以及美國公債殖利率下降等全球宏觀環境動態改善，都提振了該國股市。