Japan overtakes China to become world's second-largest stock market
Both markets are ranked after the US which is the world's largest at just over $31 trillion.
Japan has overtaken China as the world's number two stock market,
the Chinese market was worth $6.09 trillion next to Japan's $6.17 trillion.
China lost to Japan after Chinese stocks and currency fell this year amid a trade spat with the US.
The Chinese stock market soared to an all-time high of more than $10 trillion in June 2015 after overtaking Japan in late 2014.
The Shanghai Composite index is the world's second-worst-performing major stock index this year, having fallen 16.3 percent year-to-date.
The CSI300, the world's worst-performing index, has lost 16.4 percent.
The drop in Chinese shares this year has been driven by concerns about a slowdown in the world's second-biggest economy and that China would be worse off in a trade war with the United States.
US has taken a hard line on trade with several countries around the world, has applied tariffs to some goods imported from China and threatened taxes on the remaining imports.
These factors have prompted an overly pessimistic view on the corporate earnings outlook for 2019
Both markets are ranked after the US which is the world's largest at just over $31 trillion.
Japan has overtaken China as the world's number two stock market,
the Chinese market was worth $6.09 trillion next to Japan's $6.17 trillion.
China lost to Japan after Chinese stocks and currency fell this year amid a trade spat with the US.
The Chinese stock market soared to an all-time high of more than $10 trillion in June 2015 after overtaking Japan in late 2014.
The Shanghai Composite index is the world's second-worst-performing major stock index this year, having fallen 16.3 percent year-to-date.
The CSI300, the world's worst-performing index, has lost 16.4 percent.
The drop in Chinese shares this year has been driven by concerns about a slowdown in the world's second-biggest economy and that China would be worse off in a trade war with the United States.
US has taken a hard line on trade with several countries around the world, has applied tariffs to some goods imported from China and threatened taxes on the remaining imports.
These factors have prompted an overly pessimistic view on the corporate earnings outlook for 2019
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