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Markets

A tale of 2 markets: America's $100bn club grows as China's shrinks

Innovation lifts valuations in U.S. while Beijing's crackdown takes a toll

The U.S. and China have taken strikingly different approaches to markets over the last year. This was reflected in stock prices.   © Reuters

TOKYO -- A stark contrast has developed in the global stock market. While the U.S. saw a slew of companies reach the highest levels of valuation, China experienced the opposite, as the ranks of the topmost companies thinned due to regulatory pressures, the latest Nikkei research shows.

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