Japan overthrows China to become worldâs 2nd-biggest stock market
Following Thursday's slump, the value of China's stock market fell to $6.09 trillion, losing its spot as the second biggest stock market to Japan ($6.17 trillion). This comes amid China's trade war with the US and its campaign to cut debt. China's stock market overtook Japan's in 2014 and soared to an all-time high of over $10 trillion in 2015.