While the global coronavirus (COVID-19) pandemic caused all major stock market indices to fall sharply in March 2020, both the extent of the decline at this time, and the shape of the subsequent recovery, have varied greatly. For example, on March 15, 2020, major European markets and traditional stocks in the United States had shed around 40 percent of their value compared to January 5, 2020. However, Asian markets and the NASDAQ Composite Index only shed around 20 to 25 percent of their value. A similar story can be seen with the post-coronavirus recovery. As of November 14, 2021 the NASDAQ composite index value was around 65 percent higher than in January 2020, while most other markets were only between 20 and 40 percent higher.

Why did the NASDAQ recover the quickest?

Based in New York City, the NASDAQ is famously considered a proxy for the technology industry as many of the world’s largest technology industries choose to list there. And it just so happens that technology was the sector to perform the best during the coronavirus pandemic. Accordingly, many of the largest companies who benefitted the most from the pandemic such as Amazon, PayPal and Netflix, are listed on the NADSAQ, helping it to recover the fastest of the major stock exchanges worldwide.

Which markets suffered the most?

The energy sector was the worst hit by the global COVID-19 pandemic. In particular, oil companies share prices suffered large declines over 2020 as demand for oil plummeted while workers found themselves no longer needing to commute, and the tourism industry ground to a halt. In addition, overall share prices in two major stock exchanges – the London Stock Exchange (as represented by the FTSE 100 index) and Hong Kong (as represented by the Hang Seng index) – have notably recovered slower than other major exchanges. However, in both these, the underlying issue behind the slower recovery likely has more to do with political events unrelated to the coronavirus than it does with the pandemic – namely Brexit and general political unrest, respectively.

China's main stock market index, the SHANGHAI, fell to 3424 points on June 27, 2025, losing 0.70% from the previous session. Over the past month, the index has climbed 2.52% and is up 15.39% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on June of 2025.

View data of the S&P 500, an index of the stocks of 500 leading companies in the US economy, which provides a gauge of the U.S. equity market.

The statistic shows the development of the MSCI World USD Index from 1986 to 2024. The 2024 year-end value of the MSCI World USD index amounted to ******** points. MSCI World USD index – additional information The MSCI World Index, developed by Morgan Stanley Capital International (MSCI), is one of the most important stock indices. It includes stocks from developed countries all over the world and is regarded as benchmark of global stock market. According to MSCI, this index covers about ** percent of the free float-adjusted market capitalization in each country. As seen on the statistics above, in 2024, MSCI World USD index reported its highest value since 1986 amounting, a threefold increase from the figure recorded in 2013, when the year-end value of the MSCI World index was equal to ********. Along with the S&P Global Broad Market, the MSCI World is one of the most important global stock market performance indexes. Aside of including markets around the globe, these two indexes are global in a sense that they disregard where the companies are domiciled or traded, whereas other important indexes such as the Dow Jones Industrial Average, the Japanese index Nikkei 225, Wilshire 5000, the NASDAQ 100 index, have different approaches.

Israel's main stock market index, the TA-125, fell to 2952 points on June 26, 2025, losing 0.71% from the previous session. Over the past month, the index has climbed 9.55% and is up 51.60% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Israel. Israel Stock Market (TA-125) - values, historical data, forecasts and news - updated on June of 2025.

Twelve Data is a technology-driven company that provides financial market data, financial tools, and dedicated solutions. Large audiences - from individuals to financial institutions - use our products to stay ahead of the competition and success.

At Twelve Data we feel responsible for where the markets are going and how people are able to explore them. Coming from different technological backgrounds, we see how the world is lacking the unique and simple place where financial data can be accessed by anyone, at any time. This is what distinguishes us from others, we do not only supply the financial data but instead, we want you to benefit from it, by using the convenient format, tools, and special solutions.

We believe that the human factor is still a very important aspect of our work and therefore our ethics guides us on how to treat people, with convenient and understandable resources. This includes world-class documentation, human support, and dedicated solutions.

We propose a general double tree structured AR-GARCH model for the analysis of global equity index returns. The model extends previous approaches by incorporating (i) several multivariate thresholds in conditional means and volatilities of index returns and (ii) a richer specification for the impact of lagged foreign (US) index returns in each threshold. We evaluate the out-of-sample forecasting power of our model for eight major equity indices in comparison to some existing volatility models in the literature. We find strong evidence for more than one multivariate threshold (more than two regimes) in conditional means and variances of global equity index returns. Such multivariate thresholds are affected by foreign (US) lagged index returns and yield a higher out-of-sample predictive power for our tree structured model setting.

France's main stock market index, the FR40, rose to 7692 points on June 27, 2025, gaining 1.78% from the previous session. Over the past month, the index has declined 1.24%, though it remains 2.84% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. France Stock Market Index (FR40) - values, historical data, forecasts and news - updated on June of 2025.

Vietnam VN: Stocks Traded: Total Value: % of GDP data was reported at 17.001 % in 2017. This records an increase from the previous number of 10.850 % for 2016. Vietnam VN: Stocks Traded: Total Value: % of GDP data is updated yearly, averaging 10.850 % from Dec 2008 (Median) to 2017, with 9 observations. The data reached an all-time high of 21.384 % in 2009 and a record low of 5.527 % in 2011. Vietnam VN: Stocks Traded: Total Value: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Denmark Share Trading: CSE: Mid Cap: Market Value data was reported at 60,663.183 DKK mn in Oct 2018. This records a decrease from the previous number of 64,265.949 DKK mn for Sep 2018. Denmark Share Trading: CSE: Mid Cap: Market Value data is updated monthly, averaging 105,932.901 DKK mn from Oct 2006 (Median) to Oct 2018, with 145 observations. The data reached an all-time high of 194,349.181 DKK mn in Jul 2007 and a record low of 60,663.183 DKK mn in Oct 2018. Denmark Share Trading: CSE: Mid Cap: Market Value data remains active status in CEIC and is reported by Copenhagen Stock Exchange. The data is categorized under Global Database’s Denmark – Table DK.Z003: Copenhagen Stock Exchange: Share Trading.

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Stockbroking Market Size 2024-2028

The stockbroking market size is estimated to increase by USD 739.6 billion, at a CAGR of 9.58% between 2023 and 2028. Market expansion hinges on various factors such as market surveillance, supportive government regulations, and improved cash flow fostering business expansion. However, challenges persist, including repercussions from trade conflicts, limited attention to stock broking for small and medium enterprises (SMEs), and inadequate risk assessment capabilities. Effective market surveillance is crucial for identifying emerging trends and mitigating risks. Moreover, government regulations that facilitate market growth and innovation are imperative for sustained expansion. Enhanced cash flow empowers businesses to invest in research, development, and expansion initiatives for security brokerage and stock exchange services, driving overall market growth. Despite these opportunities, challenges like navigating trade tensions, addressing the neglect of SMEs in stock broking, and bolstering risk evaluation capacities necessitate proactive measures to sustain market momentum and ensure long-term viability. Additionally, users of online trading platforms can easily monitor the performance of their assets thanks to real-time stock data.

What will be the Size of the Stockbroking Market During the Forecast Period?

Market Forecast 2024-2028

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Stockbroking Market Segmentation

The stockbroking market forecasting report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Mode Of Booking Outlook 

  Offline
  Online





Type Outlook

  Long-term trading
  Short-term trading





Region Outlook 

  North America

    The U.S.
    Canada





  Europe

    U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India


  South America

    Chile 
    Brazil
    Argentina


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Mode Of Booking

The offline segment will account for a major share of the market's growth during the forecast period. Without the use of online platforms or electronic systems, offline stockbroking is the traditional method of engaging in stock trading activities. Investors work with stockbroker who act as an intermediate between traders and the stock exchange. Offline includes communication, paper-based documentation, and personalized investment advicor.

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The offline segment was valued at USD 760.60 billion in 2018.?Offline is still dominating the market due to the ease of use due to factors such as personalized services, extensive research, complex investment strategies, trust, and relationship building by the investors over time, also in the offline segment they can access initial public offerings or other restricted offerings which may not be readily available on an online brokerage platform or with e-brokerage. Due to the above-mentioned factors, the market is expected to grow during the forecast period.

Regional Analysis

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North America is estimated to contribute 34% to global stockbroking market growth by 2028. Technavio's analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The market in North America refers to the financial industry. Which are involved in buying and selling securities, such as stocks, bonds, and derivatives, on behalf of investors. North America has the dominant and the most developed stock markets in the world, centered primarily in the US and Canada. In North America, the market includes the stock exchange, brokerage firms, online trading, regulatory bodies, investment products, and high-frequency trading. Hence, such factors are driving the market in North America during the forecast period.

Stockbroking Market Dynamics

The market encompasses various entities, including stockbrokers, investment advisors, and registered representatives, who facilitate trading activities for investors. Brokerage firms provide the infrastructure for these professionals to execute orders on behalf of their clients. The integration of artificial intelligence (AI) and algorithms into trading platforms has led to cloud-based solutions, enabling active and passive portfolio management. Investment advisory and financial planning services are crucial components of the market. Advisors help investors make informed investment decisions based on their financial health and profitability goals. Asset allocation is a significant factor in investment decisions, with

Today's oil prices on the stock market have been quite volatile. Factors such as supply and demand dynamics, geopolitical events, economic indicators, and market speculation influence the price of oil. This article explores the impact of the ongoing conflict in the Middle East, global demand trends, supply levels, and market speculation on oil prices. It also highlights the potential for rapid changes in oil prices due to various geopolitical, economic, and market factors.

Iran Market Capitalization: Tehran Stock Exchange (TSE) data was reported at 1,743.023 USD bn in Sep 2023. This records a decrease from the previous number of 1,761.129 USD bn for Aug 2023. Iran Market Capitalization: Tehran Stock Exchange (TSE) data is updated monthly, averaging 105.978 USD bn from Dec 2005 (Median) to Sep 2023, with 199 observations. The data reached an all-time high of 1,991.152 USD bn in May 2023 and a record low of 33.814 USD bn in Jun 2007. Iran Market Capitalization: Tehran Stock Exchange (TSE) data remains active status in CEIC and is reported by Tehran Stock Exchange. The data is categorized under Global Database’s Iran – Table IR.Z002: Tehran Stock Exchange: Market Capitalization. [COVID-19-IMPACT]

Estonia Share Trading: Nasdaq Tallinn Stock Exchange: Value: per Business Day data was reported at 1.670 EUR mn in Jun 2018. This records an increase from the previous number of 1.000 EUR mn for May 2018. Estonia Share Trading: Nasdaq Tallinn Stock Exchange: Value: per Business Day data is updated monthly, averaging 0.800 EUR mn from Jun 2004 (Median) to Jun 2018, with 169 observations. The data reached an all-time high of 207.000 EUR mn in Nov 2004 and a record low of 0.310 EUR mn in Jul 2012. Estonia Share Trading: Nasdaq Tallinn Stock Exchange: Value: per Business Day data remains active status in CEIC and is reported by Nasdaq Tallinn. The data is categorized under Global Database’s Estonia – Table EE.Z003: Nasdaq Tallinn Stock Exchange: Trading Statistics.

Share Trading: OMX: Xternal List: Avg Daily: Turnover data was reported at 48,583.353 SEK th in Jun 2018. This records an increase from the previous number of 43,412.897 SEK th for May 2018. Share Trading: OMX: Xternal List: Avg Daily: Turnover data is updated monthly, averaging 87,742.348 SEK th from May 2003 (Median) to Jun 2018, with 182 observations. The data reached an all-time high of 546,289.150 SEK th in Sep 2013 and a record low of 1,952.900 SEK th in Jul 2004. Share Trading: OMX: Xternal List: Avg Daily: Turnover data remains active status in CEIC and is reported by Stockholm Stock Exchange. The data is categorized under Global Database’s Sweden – Table SE.Z004: OMX Stockholm Stock Exchange: Share Trading.

The NYSE U.S. 100 Index tracks the largest U.S. companies traded on the New York Stock Exchange. This statistic shows the leading 20 companies on the NYSE U.S. 100 Index by market capitalization. As of January 28, 2024 the multinational conglomerate company ****************** ranked as the first, with a market capitalization of over *** billion euros. This was followed by ********* and ***************, with market capitalizations amounting to *** billion and *** billion euros respectively. NYSE U.S. 100 Index vs. Nasdaq 100 Index The New York Stock Exchange and the Nasdaq are the largest two stock exchanges in the world, but they differ in the kinds of companies they list. The NYSE is known to list stable and long-lasting firms, commonly referred to as “blue-chip” companies. In contrast, the Nasdaq is renowned for listing the world’s biggest companies, mainly from the tech industry. Similar to the NYSE U.S. 100 Index, the Nasdaq 100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange, including both U.S. and non-U.S. companies. The leader of the NYSE U.S. 100 index: Berkshire Hathaway Berkshire Hathaway, the leader of the NYSE U.S. 100 Index, was also among the world's largest companies by revenue in 2023. The company is a multinational conglomerate and holding company with insurance as its core business and interests in other sectors such as railroad, utilities and energy, finance. In fact, Berkshire was the world's biggest insurance company by revenue in 2023. As a holding company, it has significant stakes in some of the world’s largest companies, including Apple, Bank of America and Coca-Cola. With its diverse background in various businesses and industries, Berkshire Hathaway had a total revenue of *** billion U.S. dollars in 2023.

Equity Market Index: Month End: NSE All Share: Quarterly data was reported at 32,766.370 03Jan1984=100 in Sep 2018. This records a decrease from the previous number of 38,278.550 03Jan1984=100 for Jun 2018. Equity Market Index: Month End: NSE All Share: Quarterly data is updated quarterly, averaging 10,963.100 03Jan1984=100 from Mar 1985 (Median) to Sep 2018, with 135 observations. The data reached an all-time high of 63,016.560 03Jan1984=100 in Mar 2008 and a record low of 113.400 03Jan1984=100 in Mar 1985. Equity Market Index: Month End: NSE All Share: Quarterly data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.Z001: Nigeria Stock Exchange: Index.

Ireland IE: Stocks Traded: Total Value: % of GDP data was reported at 8.667 % in 2017. This records an increase from the previous number of 7.331 % for 2016. Ireland IE: Stocks Traded: Total Value: % of GDP data is updated yearly, averaging 6.422 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 47.845 % in 1998 and a record low of 2.454 % in 2002. Ireland IE: Stocks Traded: Total Value: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ireland – Table IE.World Bank.WDI: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.; ; World Federation of Exchanges database.; Weighted average; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Romania RO: S&P Global Equity Indices: Annual % Change data was reported at 22.127 % in 2017. This records an increase from the previous number of -1.115 % for 2016. Romania RO: S&P Global Equity Indices: Annual % Change data is updated yearly, averaging 4.343 % from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 99.300 % in 2004 and a record low of -72.177 % in 2008. Romania RO: S&P Global Equity Indices: Annual % Change data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Financial Sector. S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.; ; Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.; ;

Saudi Arabia SA: S&P Global Equity Indices: Annual % Change data was reported at -72.061 % in 2017. This records a decrease from the previous number of 4.001 % for 2016. Saudi Arabia SA: S&P Global Equity Indices: Annual % Change data is updated yearly, averaging 4.194 % from Dec 1998 (Median) to 2017, with 18 observations. The data reached an all-time high of 110.989 % in 2005 and a record low of -72.061 % in 2017. Saudi Arabia SA: S&P Global Equity Indices: Annual % Change data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank: Financial Sector. S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.; ; Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.; ;