lecture 28

lecture 28 - 2 3 TOP 10 STOCK EXCHANGES BY MARKET...

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1 1 LECTURE 28 – UNDERSTANDING THE GEOGRAPHY OF STOCK MARKETS OUTLINE { Stock markets: the basics { A brief history { Regulatory framework { Exchanges by market capitalization { Why geography matters { 2007-2009 financial crisis { What does the future hold? 2 TOP 20 COUNTRIES BY MARKET CAPITALIZATION (2005)* Country Market capitalization (billion US$) % of total Number of listed firms* USA 17,001 40.6 8,861 Japan 7,543 18.0 3,858 UK 3,058 7.3 2,542 France 1,759 4.2 942 Canada 1,482 3.5 3,719 China 1,457 3.5 2,503 Germany 1,221 2.9 1,014 India 1,069 2.6 5,797 Spain 960 2.3 198 Switzerland 935 2.2 274 Australia 804 1.9 1,643 Italy 798 1.9 292 Korea 718 1.7 1,616 Netherlands 593 1.4 224 South Africa 549 1.3 348 Taiwan 476 1.1 691 Brazil 475 1.1 379 Sweden 438 1.0 395 Belgium 289 0.7 159 Singapore 257 0.6 564 Source: Wojcik (2009); World Federation of Exchanges; * refers to domestic firms.
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Unformatted text preview: 2 3 TOP 10 STOCK EXCHANGES BY MARKET CAPITALIZATION (2009)* Stock Exchange Region Market capitalization (billion US$) Key index and firm listings New York SE USA 10,842 DJIA; large US blue chip firms Tokyo SE Japan 3,479 Nikkei 225 NASDAQ USA 2,846 Technology stocks, equity securities Euronext Europe* 2,605 European blue ships (CAC40) London SE UK 2,560 FTSE-100; British blue chips, derivatives Shanghai SE China 2,143 SSE Composite Hong Kong SE China 1,946 Hang Seng index Toronto SE Canada 1,433 S&P/TSX Composite; mining, oil and gas Frankfurt SE Germany 1,204 DAX; German blue chips Madrid SE Spain 1,178 IBEX-35 Source: World Federation of Exchanges (August 2009); * Paris, Amsterdam and Brussels. 4 2007-2009 FINANCIAL CRISIS (1)* Source: Yahoo Finance! 3 5 GLOBAL CONTAGION* Sources: The Economist, Moodys Economy.com...
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lecture 28 - 2 3 TOP 10 STOCK EXCHANGES BY MARKET...

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