China Surpasses Japan in Percentage of World Market Cap

Hickey and Walters (Bespoke) submit:

Japan's stock market declined nearly 20% in the days immediately following the tragic earthquake that hit the country on March 11. While Japanese equities have bounced back a bit, the fall allowed China to surpass Japan in terms of percentage of world market cap.

Below is a table showing the percentage of world market cap for the largest equity markets in the world. As shown, the U.S. continues to hold onto the number one spot by a wide margin at 30.43%. Japan had the second-largest market cap in the world at the start of the year, but China has now surpassed Japan and currently ranks second. China currently makes up 7.38% of world market cap, while Japan makes up 7.05%. The U.K. ranks fourth at 6.49%, followed by Hong Kong (4.77%), Canada (4.38%), and France (3.59%).

The table also shows where things stood at the start of 2005, the start

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