The supremacy of India, which has the fastest economic growth in the world and is the fifth largest economy in the world, is becoming visible across Asia. The world’s second and third largest economies are worried and wondering how to stop India. If we talk about the stock market, on Thursday the Indian market witnessed the highest rise compared to all the big markets of Asia. Asia’s two largest stock markets, Shanghai and Tokyo, both appeared in the red. Hong Kong and Korean markets definitely closed in the green.
If we talk about the whole of December, except India and Korean markets, none of the major markets in Asia were in the green. This means that investors in those markets suffered nothing but losses. Shanghai and Hong Kong have suffered the most damage. There has been a big decline in Japan’s stock market in two weeks. Let us look at the big markets of Asia including India in the last two weeks and see who has sunk by how much and how India’s dominance has been seen.
Highest rise in Sensex
Bombay Stock Exchange’s main index Sensex reached a new record level on Thursday. Today the Sensex closed at 70,514.20 points with a gain of 929.60 points. It appeared at a record level during the trading session with 70,602.89 points. If we talk about December, Sensex has seen a rise of 5.26 percent in two weeks.
Nifty also at record level
On the other hand, Nifty, the main index of India’s second National Stock Exchange, has also set a new record. Today Nifty closed at 21,182.70 points with a rise of 256.35 or 1.23 percent. However, during the trading session, Nifty reached a record level of 21,210.90 points. However, Nifty has given a return of 5.21 percent in the last two weeks.
Big fall in Shanghai
There has been a decline in China’s stock market today in Shanghai Stock Exchange. On Thursday, the Shanghai Composite Index closed at 2,958.99 points, down 0.33 percent. However, in the month of December, only a decline has been seen in Shanghai Composite. It has fallen 2.33 percent in the last two weeks.
Nekkai also suffered loss
Tokyo, the capital of Japan, has also been very troubled due to the decline in the stock market. Japan’s main index Nekkai also saw a decline of 240 points on Thursday and closed at 32,686.25 points. However, only a decline has been seen in Nekkai in the month of December. In the last two weeks it has seen a decline of 2.39 percent.
The situation is worsening in Hong Kong too
Even though Hong Kong’s Hang Seng index has seen a rise on Thursday. Hang Seng closed at 16,402.19 points with a rise of one percent or 173.44 points. But in the month of December, a big decline has been seen in the Hong Kong market. In the last two weeks, Hang Seng has seen a decline of 3.76 percent.
Relief in Korean market
On the other hand, there is relief news for investors in Korean market Kospi. There may not have been much growth in the month of December, but it was definitely on the green mark. If we talk about today, then Kospi saw a rise of 1.34 percent and closed at 2,544.18 points. In the last two weeks, Cospi has given only 0.35 percent return to investors.
Source: www.tv9hindi.com
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