China, India, Hong Kong Top Firms Lose Market Cap Share as AI Lag Deepens
Updated
Updated · Bloomberg · Jun 29
China, India, Hong Kong Top Firms Lose Market Cap Share as AI Lag Deepens
3 articles · Updated · Bloomberg · Jun 29
Summary
China, India and Hong Kong are now the only major stock markets where the biggest companies make up a smaller share of total market value than a year ago.
China’s top 10 firms now account for about 19% of market capitalization, down from 26%, while India’s fell to 19% from 22%, according to Bloomberg-compiled data.
Hong Kong stayed the least top-heavy market, with big-company concentration slipping to 9.8% from 10%, reflecting a market shaped largely by financials and mainland listings.
The declines underscore how all three markets are falling behind global peers in the AI race, where leading tech giants elsewhere are capturing a larger share of equity value.