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Total value of shares traded on China’s stock exchanges exceeds that of Japan for first time ever in April

May 26, 2007
By Ken Worsley


As the OECD issued a warning on Thursday that China’s stock markets face the risk of “a marked correction,” the World Federation of Exchanges released their statistics on global stock market activity for April 2007. Looking at the “Value of Share Trading” data, one thing becomes clear: in April, the total value of shares traded on the Shanghai and Shenzen stock exchanges exceeded the total value of shares traded in Tokyo and Osaka for the first time ever.

In April, the combined value of shares traded on the Shanghai and Shenzhen Stock Exchanges added up to $645.3 billion, surpassing the $512.4 billion total traded on the Tokyo Stock Exchange and Osaka Securities Exchange.

Click on the graphic to see a comparison of Japan and China’s markets, in millions of dollars, from January to April of 2007 (exchange rates are calculated on the average rate for each month).

The OECD warns of a severe correction, and Andy Xie warns of collapse. We’re here to warn of lessons unlearned.

Filed Under China, Equity Markets, Japan, Stocks 

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Comments

One Response to “Total value of shares traded on China’s stock exchanges exceeds that of Japan for first time ever in April”

  1. John S on May 27th, 2007 4:37 am

    This is due for one hell of a meltdown. Have you seen the erosion in China’s household savings rates? People are just pouring their money into equities. I don’t know how to say “Joe Six Pack” in Chinese, but when he’s putting his savings in the stock market, the game’s just about over.

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