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May 12, 2007


Crazy Turnover in China's Stock Markets

Interesting bits from this article in the FT, Bourses in China eclipse all of Asia:

“The combined total value of shares traded on the mainland Chinese market on May 9, 2007 was Rmb376.9bn ($49bn). Wednesday’s figure was nearly double Japan’s $26.9bn turnover, and triple the $16.5bn combined trading volume of Australia, Hong Kong, Thailand, Singapore, Malaysia, Korea, India, Taiwan, Indonesia, New Zealand and Vietnam. It was still less than half Tuesday’s $122bn trading volume in the US, but well above London’s $29.4bn on Tuesday.

While the Chinese market is now the world’s second-largest in terms of turnover, it is still less than half the size of Japan’s in terms of market capitalisation, with Shenzhen and Shanghai boasting a combined $2,200bn compared to Japan’s $4,700bn, the UK’s near-$4,000bn and the US’s $16,500bn.”

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