The combined market capitalization of the top 50 companies in the Asia Pacific region surged to $8.1 trillion in 2024, reflecting a 20.6 percent year-on-year increase, according to GlobalData, a data and analytics company.
Technology firms led the charge, with Taiwan Semiconductor Manufacturing Company and Tencent Holdings dominating the rankings, but economic uncertainty, trade risks and weaker corporate earnings have tempered optimism across various sectors.
Technology sector topped the list, with 16 companies contributing a total market value of $3.1 trillion. Geographically, China led the rankings with 22 companies collectively valued at $3.9 trillion, followed by Japan with 11 companies at $1.4 trillion and India with seven companies accounting for $914 billion.
“APAC markets ended 2024 on a
