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STOCK STANDARD.

World stock market turnover (1998)
Rank Market Turnover Ratio

 1 Taiwan(*) 323.0
 2 Spain 201.9
 3 South Korea(*) 176.2
 4 Germany 144.9
 5 Turkey(*) 144.9
 6 China(*) 130.1
 7 Estonia(*) 116.9
 8 Hungary(*) 111.3
 9 Pakistan(*) 111.1
10 United States 106.2
11 Italy 104.1
12 Switzerland 100.8
13 Portugal(*) 93.4
14 Greece(*) 82.3
15 Ireland 81.8
16 Slovakia(*) 74.3
15 Sweden 73.9
18 Romania(*) 72.1
19 Thailand(*) 71.0
20 Netherlands 70.7
21 Brazil(*) 70.4
22 Norway 69.4
23 France 68.7
24 Canada 67.0
25 Bangladesh(*) 61.7
26 New Zealand 56.2
27 India(*) 55.2
28 Poland(*) 54.7
29 Hong Kong 54.4
30 United Kingdom 53.4
31 Finland 53.0
32 Australia 51.9
33 Singapore 50.5
34 Austria 47.4
35 Japan 40.3
36 Czech Republic(*) 38.2
37 Indonesia(*) 37.9
38 Slovenia (FYR)(*) 34.4
39 Oman 33.8
40 Malaysia(*) 27.7


NOTES: Asterisks indicate market turnover for markets covered by International Finance Corporation Indexes in 1998. Ratios for each market are calculated in dollar terms by dividing total 1998 value traded by average market capitalisation for 1997 and 1998.

Source: Emerging Stock Markets Factbook 1999
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Publication:Business Asia
Article Type:Brief Article
Geographic Code:00WOR
Date:Feb 25, 2000
Words:220
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