>I received an interesting reader question asking what were the world’s biggest stock markets and where does Australia rank. So I did some research and based on the latest data I could find (as of Mar 2007), the Australian stock market has a total market capitalization of A$1.39 trillion (US$1.098 trillion). This puts it at around No 15 on the list of largest stock exchanges….not bad for a country of 20 million people.
Here is the list of the Top 10 Stock Exchanges by market capitalization:
(figures in trillions of U.S. dollars)
1. NYSE – $21.79
2. Nasdaq Stock Market – $11.81
3. London Stock Exchange – $7.57
4. Tokyo Stock Exchange – $5.82
5. Euronext – $3.85
6. Deutsche Boerse (Germany) – $2.74
7. BME Spanish Exchanges – $1.93
8. Borsa Italiana – $1.59
9. Swiss Exchange – $1.40
10. Korea Stock Exchange $1.34
Source: Reuters and World Federation of Exchanges Web site
Interestingly India and China are not on the Top 10. However, recent stock exchange mergers and the growth of the Indian and Chinese stock markets will mean that the Top 10 will be very different in a few years. Australia’s relative position will probably remain the same though.
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