U.S. nears half of global stock market cap as Alibaba, Tencent falter

U.S. nears half of global stock market cap as Alibaba, Tencent falter

[ad_1]

TOKYO/NEW YORK/HONG KONG — As Chinese tech companies struggle with an economic crisis and fall behind in artificial intelligence, U.S. corporations now account for nearly half the value of the global stock market, the highest level of concentration in two decades.

Companies in mainland China and Hong Kong have lost the equivalent of $1.7 trillion in value since the end of 2023, QUICK FactSet data shows.


[ad_2]

Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *