India Stock Value Tops $4 Trillion, Narrowing Gap With Hong Kong

India’s stock market value reached more than $4 trillion Tuesday for the first time, marking a key milestone for the world’s fifth-biggest equity market as it rapidly narrows the gap with slumping Hong Kong. The market capitalization of companies listed on India’s exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers in the region as well as the emerging world. Already trading at all-time high levels, India’s key stocks benchmarks have risen more than 13% this year and are headed for an unprecedented eighth-straight year of gains. In contrast, the key Hong Kong equity measure has fallen 17%, with the market’s total value dropping to less than $4.7 trillion. -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow