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China overtakes Japan in stock market cap

China has just hit another milestone.

In 2010 China's economy overtook Japan's as the world's second largest economy. This week the country's stock market has finally caught up.

Thanks to a broad decline in the Japanese yen and a major rally in Chinese equities, the total value of China's stock market has finally surpassed Japan's to snatch the number two spot in the world, after the US.

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