{"id":38881,"date":"2025-09-30T23:56:00","date_gmt":"2025-09-30T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=38881"},"modified":"2025-10-01T11:29:22","modified_gmt":"2025-10-01T03:29:22","slug":"top-10-stock-market","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/","title":{"rendered":"World top 10 stock markets by value"},"content":{"rendered":"\n<p>The latest list of world top 10 stock markets in terms of stock market vale, as of mid-Sep 2025.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/#Preface\" >Preface<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/#World_top_10_stock_markets\" >World top 10 stock markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/#World_top_10_stock_market_exchanges\" >World top 10 stock market exchanges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/#Relative_articles\" >Relative articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Preface\"><\/span>Preface<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 1995, the global investment landscape looked very different, and the United States&#8217; dominant role seemed to have faded considerably. However, the United States&#8217; influence persisted, with its total market capitalization increasing by 246% over 26 years to $12.9 trillion. No other country or region in the world can match North America&#8217;s industrial output today.<\/p>\n\n\n\n<p>However, global markets have also been catching up rapidly, especially in recent decades, surpassing the United States by a significant margin. According to Brisson and co-author Roger Ibbotson in their book <a href=\"https:\/\/www.amazon.com\/Global-Investing-Professionals-Capital-Markets\/dp\/007031683X\" target=\"_blank\" rel=\"noopener\">&#8220;Global Investing<\/a>&#8220;, in 1990, only 30% of global equity capital was held in the United States. Their research found that the situation has reversed 180 degrees. In 1960, only 30% of global equity capital was held outside the United States.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"World_top_10_stock_markets\"><\/span>World top 10 stock markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Rank<\/strong><\/td><td><strong>Country<\/strong><\/td><td><strong>Total Market Capitalization (USD Trillions)<\/strong><\/td><td><strong>Number of Companies Listed<\/strong><\/td><td><strong>Date<\/strong><\/td><\/tr><tr><td>1<\/td><td>United States<\/td><td>$66.74<\/td><td>4,010<\/td><td>Sep 2025<\/td><\/tr><tr><td>2<\/td><td>China<\/td><td>$12.00<\/td><td>5,420<\/td><td>Sep 2026<\/td><\/tr><tr><td>3<\/td><td>Japan<\/td><td>$7.40<\/td><td>3,821<\/td><td>Sep 2027<\/td><\/tr><tr><td>4<\/td><td>Hong Kong<\/td><td>$7.00<\/td><td>2,700<\/td><td>Sep 2028<\/td><\/tr><tr><td>5<\/td><td>India<\/td><td>$5.20<\/td><td>7,500<\/td><td>Sep 2029<\/td><\/tr><tr><td>6<\/td><td>Canada<\/td><td>$3.90<\/td><td>4,226<\/td><td>Sep 2030<\/td><\/tr><tr><td>7<\/td><td>United Kingdom<\/td><td>$3.60<\/td><td>800<\/td><td>Sep 2031<\/td><\/tr><tr><td>8<\/td><td>France<\/td><td>$3.22<\/td><td>795<\/td><td>Sep 2032<\/td><\/tr><tr><td>9<\/td><td>Taiwan<\/td><td>$3.04<\/td><td>1700<\/td><td>Sep 2033<\/td><\/tr><tr><td>10<\/td><td>Germany<\/td><td>$3.00<\/td><td>447<\/td><td>Sep 2034<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>As of September 19, 2025, the total market capitalization of major global stock markets exceeded US$121.6 trillion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"World_top_10_stock_market_exchanges\"><\/span>World top 10 stock market exchanges <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Rank<\/strong><\/td><td><strong>Stock Exchange<\/strong><\/td><td><strong>Country\/Region<\/strong><\/td><td><strong>Market Capitalization (USD)<\/strong><\/td><\/tr><tr><td>1<\/td><td>New York Stock Exchange (NYSE)<\/td><td>United States<\/td><td>$31.7 trillion<\/td><\/tr><tr><td>2<\/td><td>NASDAQ<\/td><td>United States<\/td><td>$29.9 trillion<\/td><\/tr><tr><td>3<\/td><td>Shanghai Stock Exchange (SSE)<\/td><td>China<\/td><td>$7.3 trillion<\/td><\/tr><tr><td>4<\/td><td>Japan Exchange Group (Tokyo Stock Exchange)<\/td><td>Japan<\/td><td>$6.9 trillion<\/td><\/tr><tr><td>5<\/td><td>Euronext<\/td><td>Pan-European<\/td><td>$6.0 trillion<\/td><\/tr><tr><td>6<\/td><td>London Stock Exchange (LSE)<\/td><td>United Kingdom<\/td><td>$5.9 trillion<\/td><\/tr><tr><td>7<\/td><td>Hong Kong Exchanges and Clearing (HKEX)<\/td><td>Hong Kong<\/td><td>$5.2 trillion<\/td><\/tr><tr><td>8<\/td><td>National Stock Exchange (NSE)<\/td><td>India<\/td><td>$5.2 trillion<\/td><\/tr><tr><td>9<\/td><td>Shenzhen Stock Exchange (SZSE)<\/td><td>China<\/td><td>$4.6 trillion<\/td><\/tr><tr><td>10<\/td><td>TMX Group (Toronto Stock Exchange)<\/td><td>Canada<\/td><td>$3.8 trillion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"133\" height=\"90\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2030\/02\/stock_market-Custom.jpg\" alt=\"top 10 stock market\n\" class=\"wp-image-38894\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relative_articles\"><\/span>Relative articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/30\/top-10-stock-market\/\">World top 10 stock markets by value<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/01\/01\/2024-global-stock-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">2024 global stock markets return by country<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/01\/01\/2024-best-performance\/\">2024 Top 10 best-performance stocks of worldwide market, S&amp;P 500, Nasdaq, and country ETF<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/24\/us-taiwan-stock-comparison\/\">US Taiwan stock comparison, market at historical highs<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/01\/13\/sp-500-bull-return-in-a-row\/\">S&amp;P 500 bull return in a row, what will happen next, based on past century data<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/17\/global-stock-markets\/\">Global stock markets performance comparision over the past 30 years in a table<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/04\/only-us-stocks-valuable\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why are only US stocks the most valuable for long-term investment?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/06\/28\/sino-us-confrontation\/\">Will Sino-US confrontation, de-globalization, and de-dollarization affect the long-term investment value of US stocks?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/11\/27\/currency-exchange-risk\/\">Should investors care about currency exchange risk when investing in US stocks?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/19\/japanese-stock-market\/\">What is the attraction of Japanese stock market?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/15\/emerging-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why emerging market stock with high economic growth is not as rewarding as developed countries?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/01\/21\/high-growth-country-market\/\">High growth country generally have poor stock returns<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/20\/india-stock-tripled\/\" target=\"_blank\" rel=\"noreferrer noopener\">India stock tripled in three years to US$3.56 trillion, ranking fourth in the world<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/26\/south-koreas\/\" target=\"_blank\" rel=\"noreferrer noopener\">South Korea\u2019s emerging technology giant<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/10\/04\/israeli-stock-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Israel stock market and tech giants<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Top 10 stock market by country and top ten stock market exchanges in the world by market capitalization<\/p>\n","protected":false},"author":1,"featured_media":38894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51,1424],"tags":[],"class_list":["post-38881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-stocks-knowledge","category-historical-statistic"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/38881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=38881"}],"version-history":[{"count":10,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/38881\/revisions"}],"predecessor-version":[{"id":39134,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/38881\/revisions\/39134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/38894"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=38881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=38881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=38881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}