Almost every country in the world has a stock exchange with some countries having multiple exchanges. There are over 60 major exchanges across the globe with the total market cap of over $85 trillion. But only 18 of those are in the so-called ”$1 trillion club”. The top 18 stock exchanges have a total value of $77 trillion which makes up around 90% of the total global stock exchange market cap.
The United States has two of the largest stock exchanges in the world – The New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations (NASDAQ). NYSE is the largest with a market cap of just over $23 trillion, that’s around $12 trillion more than second largest stock exchange NASDAQ. Some of the biggest companies listed on NYSE include the tech giants Apple, Google, Microsoft and world’s 4th largest company by market cap – Amazon.
The largest stock exchanges in Asia are located in Tokyo (JPX) and Shanghai (SSE), with total market caps of $6.06 and $4.53 trillion respectively. Some of the largest companies on the JPX include automotive manufacturer Toyota, SoftBank, Mitsubishi and NTT DoCoMo.
The largest European based stock exchange is based in Amsterdam (Euronext) with a market cap of around $4.34 trillion, closely followed by the London Stock Exchange (LSE) at $4.32 trillion. Some of the largest companies listed on Euronext include American multinational cigarette and tobacco manufacturer Philip Morris, Procter Gamble and HSBC Holdings.
Brazilian Stock Exchange (Bovespa) is the largest in South America and 20th largest in the world with a market cap of around $783 billion, followed by the Mexican Stock Exchange (BMV) at $393 billion.
Largest stock exchange in Africa is based in Johannesburg (JSE), South Africa with the market cap of just over $1 trillion. It is worth pointing out that it was the first stock exchange to reach $1 trillion market cap in Africa.
At $1.45 trillion market cap the Australia Stock Exchange (ASX) is the largest in Australia with not much competition to the top spot on the continent. Some of the largest companies include Commonwealth Bank, Westpac Banking Corp, and CSL Limited. The financial sector makes up around 40% of the total market cap of the ASX.
Source: Google Maps
The closest stock exchange to join the ”$1 trillion club” is the Spanish Stock Exchange (BME) at $851 billion market cap. Some of the biggest companies listed include Spain’s two largest banks – Banco Santander and BBVA and global energy company Repsol. Brazilian Stock Exchange in Sao Paolo is second closest the $1 trillion market cap at $783 billion. If it does reach the $1 trillion market cap, it will become the first South American stock exchange to reach the milestone. Other two exchanges closest to the milestone include the Singapore (SGX) and Moscow (MOEX) stock exchanges at $727 and $621 billion market cap respectively.
By Klāvs Valters
This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.