China, India Top 10 Firms Lose Market Share to 19% as AI Race Lifts Rivals
Updated
Updated · Bloomberg · Jun 28
China, India Top 10 Firms Lose Market Share to 19% as AI Race Lifts Rivals
3 articles · Updated · Bloomberg · Jun 28
Summary
China and India are now the only major markets where the 10 largest companies make up a smaller share of total market value than a year ago, with both dropping to about 19%.
Bloomberg-compiled data show China fell from 26% and India from 22%, suggesting their biggest listed firms have not captured the AI-driven gains that boosted market concentration elsewhere.
Hong Kong also became less top-heavy, with its largest companies' share edging down to 9.8% from 10%, leaving it the least concentrated major market.
The shift highlights how the global AI boom is reshaping equity leadership, favoring markets whose biggest companies are more exposed to the technology rally.