World m-cap drops below $100 trn as Fed cuts rates, war continues

India's market ranking has once again slipped to seventh position as a variety of crises bother investors

The world market’s capitalisation—the value of all companies listed universally—has slipped below $100 trillion for the first time since December 2020.

It follows a rout in global stocks triggered by the US Federal Reserve’s decision to aggressively tighten monetary policy to fight inflation. The selloff was excrabetated due to disruptions caused by China’s strict Covid containment policies and the Russia-Ukraine conflict.

According to Bloomberg data, over $22 trillion of global market cap has been erased this year amid the Federal Reserve’s decision to reduce its $9-trillion balance sheet. On May 12, the total world market cap stood at $99.13 trillion—lowest