Global stock market cap crosses $100 trillion for the first time ever
Global market capitalisation or the total value of all listed stocks in the world crossed $100 trillion mark for the first time last week led by the tech-driven market rally in the US and China. On December 5, the world’s market capitalisation was at $100.5 trillion, or about Rs 7,400 lakh crore, the Times of India mentioned in a report citing Bloomberg data.
A V-shaped recovery of almost 63% from the March low of $61.6 trillion has helped Global market cap global m-cap reach the milestone. On March 24, the global market cap had fallen to $61.6 trillion — a level that was not seen since 2016, according to Bloomberg data. It has risen 15.5% in the year so far from $87 trillion at the close of 2019.