Tag: Stocks

China Dethroned: Market Capitalization Tumbles as Trade War Continues

The trade war between the world’s two largest economies is entering its second round, and China is taking a beating. Bloomberg writes that China has recently ceded its position as the world’s second largest economy in terms of market capitalization to Japan, whose equities it eclipsed previously in 2014. Chinese equities dropped in value to $6.09 trillion USD slipping well below the Japanese equity market, which is currently valued at $6.17 trillion USD.

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