World News
China, India See Top Firms Lose Market Cap Share in AI Lag
Key Points
China, India See Top Firms Lose Market Cap Share in AI Lag China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalization than a year ago, underscoring their lag in the global AI race. In both China and India, the ten largest companies in each nation now account for about 19% of total market capitalization, down respectively from 26% and 22% a year ago, according to Bloomberg‑compiled data. Hong Kong...
China, India See Top Firms Lose Market Cap Share in AI Lag
China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalization than a year ago, underscoring their lag in the global AI race.
In both China and India, the ten largest companies in each nation now account for about 19% of total market capitalization, down respectively from 26% and 22% a year ago, according to Bloomberg‑compiled data. Hong Kong remains the least top‑heavy market, with big-company concentration slipping to 9.8% from 10%, though the city is largely shaped by financials and mainland-firm listings.