Things about Asia's markets you might not have known
Publishing timestamp: 2024-01-09 01:47:17
Summary
The article highlights three lesser-known facts about Asian stock markets in 2023. Firstly, Apple's market cap is larger than the entire listed equity universe of Taiwan or South Korea, as well as the combined market cap of the six largest Southeast Asian markets. Secondly, the combined market cap of the top five Chinese property companies is now equal to Indonesia's largest bank, BCA, whereas in 2022, these companies were four times larger than BCA. Lastly, Singapore's GDP is larger than Hong Kong's, but the market cap of the Singapore Exchange is less than 10% of the Hong Kong Exchange. The article explains that this is due to the broader appeal of the Hong Kong stock exchange, which includes local listings, H-shares (Chinese companies listed in Hong Kong), and global names.
Sentiment: NEUTRAL
Tickers: 48-SZ, 2007-HK, AAPL, 688-HK, 1109-HK, 1910-HK, Z2-CN, PRP-FF, 2202-HK, 3333-HK,
Keywords: country garden holdings co ltd, poly real estate group co ltd, prada spa, china evergrande group, samsonite international sa, markets, asia economy, business news, apple inc, china overseas land & investment ltd, breaking news: markets, china vanke co ltd, china resources land ltd,