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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.

Globally, there were 171 corporations whose market capitalization exceeded 10 trillion yen ($88.3 billion), according to data from QUICK FactSet current as of Friday. The list expanded by about 20% from the end of last year.

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