The global stock market has nearly tripled since 2003, reaching a market capitalization of US$109 trillion (millones de millones) at the end of the second quarter of this year. The U.S. stock market has by far the largest share, accounting for 42.5% of the total. Which market ranks second?

ANSWER 

European Union. The market 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 stock market. China, Japan, and Hong Kong follow. You can see the size of these markets in this infographic from Visual Capitalist.