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China falls behind Japan in market cap as trade war intensifies

ZTE and BYD lead Chinese plunge while Tokyo shares hold steady

TOKYO / SHANGHAI -- Japan regained second place worldwide in market capitalization of its listed companies, as China's stocks continue to slide amid trade tensions with the U.S.

The combined market cap of Japanese stocks has held at $6.2 trillion in recent weeks, while Shanghai- and Shenzhen-listed shares have fallen to $5.2 trillion, the lowest in roughly two years, according to QUICK FactSet. Japan trails only the U.S.

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