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CHINA vs JAPAN 去年是不小心超过，现在？等你休息好再来吧

Japan's stock market declined nearly 20% in the days immediately following the tragic earthquake that hit the country on March 11th. While Japanese equities have bounced back a bit, the fall allowed China to surpass Japan in terms of percentage of world market cap.

Below is a table showing the percentage of world market cap for the largest equity markets in the world. As shown, the US continues to hold onto the number one spot by a wide margin at 30.43%. Japan had the second largest market cap in the world at the start of the year, but China has now surpassed Japan and currently ranks second. China currently makes up 7.38% of world market cap, while Japan makes up 7.05%. The UK ranks fourth at 6.49%, followed by Hong Kong (4.77%), Canada (4.38%), and France (3.59%).

The table also shows where things stood at the start of 2005, the start of the last bear market, and the start of the current bull market. While things haven't changed dramatically over the past few years, the big shift came in the mid-2000s when China and other emerging markets were growing rapidly. As shown, China made up just 1.25% of world market cap at the start of 2005 while the US made up 42.22%. By late 2007, China had grown to 5.89%, and the other BRICs all saw their % of world market caps double. The US, on the other hand, dropped from 42.22% to 31.07%.