On the one hand, owing to Australia’s geographic position as the largest economy in Southeast Asia, Sydney joins Singapore as one of the only two major financial centres in this region of almost 700 million people. As a result, a relatively high number of non-Australian companies are listed on the Australian Securities Exchange (ASX).

However, the Australian Securities Exchange (ASX) is only the 17th largest stock market operator worldwide¹, much lower than one might expect given that the Australian dollar/U.S. dollar is the sixth most traded currency pair in the world², and that Australia is the 14th largest economy in the world by GDP (Nominal)³.

The information contained in this article is general information only. It is not intended to be a recommendation, offer, advice or invitation to purchase, sell or otherwise deal in securities or other investments. Before making any decision in respect to a financial product, you should seek advice from an appropriately qualified professional.

We believe that the information contained in this document is accurate. However, we are not specifically licensed to provide tax or legal advice and any information that may relate to you should be confirmed with your tax or legal adviser.

__________________________

¹ https://www.visualcapitalist.com/largest-stock-exchanges-in-the-world/
² https://statisticstimes.com/economy/projected-world-gdp-ranking.php
³ https://www.statista.com/topics/8705/financial-markets-in-australia/#topicOverview