香港交易所

BOURSES IN BRAZIL AND HK SURGE UP GLOBAL RANKINGS

Two of the biggest bourses in Asia and Latin America have for the first time overtaken rivals in New York and London by market capitalisation in a sign of how the economic crisis and tough competition in mature markets is reshaping the global exchange landscape.

Hong Kong Exchanges and Clearing (HKEx) and Brazil's BM&F Bovespahave vaulted ahead of NYSE Euronext, Nasdaq OMX and the London Stock Exchange in the value of shares in the exchange companies themselves.

HKEx is now the world's second-largest exchange by market value, behind CME Group, the largest US futures exchange. BM&F Bovespa is in fourth place, after Deutsche Börse, the German exchange. The LSE has slipped to 10th place.

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