The global equity market has almost tripled since 2003, reaching a market capitalization of US$109 trillion at the end of the second quarter of this year. The U.S. equity market has by far the largest share, accounting for 42.5% of the total. Which market is in second place?

ANSWER 

European Union. The capitalization of shares traded on European stock exchanges reached US$12.1 trillion at the end of the second quarter, representing 11% of the global equity market. It is followed by China, Japan and Hong Kong. You can see the size of the markets in this infographic from Visual Capitalist.