Posted on 08/04/2018 8:02:45 AM PDT by caww
China just lost its ranking as the world’s number two stock market.
After a Thursday slump, Chinese equities were worth $6.09 trillion, according to data compiled by Bloomberg. That compares with $6.17 trillion in Japan. The US has the world’s largest stock market at just over $31 trillion. China’s stock market overtook Japan’s in late 2014, then soared to an all-time high of more than $10 trillion in June 2015. Chinese equities and the nation’s currency have taken a beating this year amid a trade spat with the US, a government-led campaign to cut debt and a slowing economy. “Losing the ranking to Japan is the damage caused by the trade war,” said Banny Lam, head of research at CEB International Investment Corp. in Hong Kong. “The Japan equity gauge is relatively more stable around the current level but China’s market cap has slumped from its peak this year.”
(Excerpt) Read more at focusworld.us ...
Bloomberg Report and other US news also reporting on this.
Ha ha.
We should always remember that “The bigger they are, the harder they fall”.
Temporary. China will regain 2nd place quickly when they resolve the trade issues with the USA.
Well since we’re at the top of the ladder I think I’ll pass on that one...lolol
Yep..... countries are floating and bobbing now and they will for a quite awhile until things settle down....world nations are fast trying to adapt to the shifts since Trump was elected and set his agenda in motion. Heck their people don’t know quite how to handle the shift their own leaders are doing as well.
Thank you General Douglas MacArthur.
Perhaps Japan can resume it’s real-estate conquest of Manhattan.
/s
Further evidence that China has more to lose in a trade war.
Yes....we hold all the cards...as has been said..China needs to see that.
That only goes to 2010
Actually it is current up to 2018...the years are shown every 10 years, so 2018 is not displayed.
got it..
Corection to my previous post...
The chart displays years at 20 year intervals.
If you look closely, the curve is approaching 2020,
and the data is current as of yesterday’s market close.
Shiller PE = Inflation adjusted 10 year average P/E.
I know what you mean.
I wish President Trump would quit touting the DOW because he will be blamed if it falls.
Thanks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.