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The relentless rally in Indian stocks has coincided with a historic slump in Hong Kong, where some of Chinas most influential and innovative firms are listed. Beijings stringent anti-Covid-19 curbs, regulatory crackdowns on corporations, a property-sector crisis and geopolitical tensions with the West have all combined to erode Chinas appeal as the worlds growth engine.
Hong Kong's stock market has gone through a historic four-year decline thanks to COVID-zero, Beijing's regulatory crackdown and geopolitics.
For the first time, Indias stock market has surpassed Hong Kongs, marking another achievement for the...
In a historic achievement, India's stock market has outshone Hong Kong's, claiming the coveted fourth position in the global equity market ranking. According to Bloomberg data, the combined value of shares listed on Indian exchanges reached a staggering $4.33 trillion, edging past Hong Kong's $4.29 trillion as of the latest market close.
What started out as a performance-driven exodus now risks becoming a structural shift.