The turnover of stock exchanges in the Asia-Pacific region outstripped their counterparts in Europe, as the stock markets  recover from the credit crisis, as disclosed by the financial website P5w.net, citing foreign media.

The China Daily reports that, "the turnover of the Shanghai Stock Exchange and Shenzen Stock Exchange of China's A share market had recently exceeded that of the Tokyo Stock Exchange, making Cina the second-largest stock market next to the U.S., the report said."

The turnover of 16 stock exchanges affiliated with the World Federation of Exchanges (WFE) in nthe Asia-Pacific amounted to $18.6 trillion in 2009, while 26 exchanges under the WFE in Europe, Africa and the Middle East had a combined total turnover of $13.08 trillion. WFE remarked that those trends continued in the first two months of 2010.

As reported by the China Daily, "according to China's central bank, in 2009 indices of China's stock markets showed an upward tendency and the turnover had a big surge. The total turnover of China's A share market was 34.5 trillion yuan ($5.05 trillion), and the average daily transaction amounted to 141.58 billion yuan, up 92.2 percent and 93.7 percent repectively."

To read the entire article from the China Daily, link here:

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