MarketsA 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
KENSHO MOTOWAKI, Nikkei staff writer
December 8, 2021 13:36 JST
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.