MUMBAI, MAHARASHTRA, INDIA – 2024/02/01: A circular metal emblem with words ‘This sign indicates buying of shares’ is seen near the pavement of a street near Bombay Stock Exchange (BSE) in Mumbai.
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Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since 2021, which according to HSBC, is more than the value of the Indian stock market.
The statistic does not bode well for either China or Hong Kong, especially when the National Stock Exchange of India has only grown during the same period.
The NSE overtook Hong Kong Stock Exchanges and Clearing to become the fourth…
