The value of world stock markets increased by $1.6 trillion in November (data here) to $45.4 trillion, the highest level for total world stock market capitalization since August 2008 (see chart below). The world’s stock markets have increased in value eight out of the last nine months, and world markets have gained $17 trillion in market capitalization since the February bottom of $28.7 trillion, representing almost a 60% increase this year.
Over the last year, 51 out of the 53 stock markets tracked by the World Federation of Exchanges have registered positive gains in market capitalization, and some stock markets have more than doubled in value since November 2008 including Brazil (+119%), India (+121%), Indonesia (+145%), and China (+146%),
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