Explanation: The global stock exchanges are an integral part of the financial system, which has a significant impact on the global economic outlook.

• There are approximately 60 major stock exchanges worldwide, with the largest ones having a combined market capitalization of $116,397,310.17 trillion, according to the World Federation of Exchanges (WFE).
• Notably, two of the largest stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, both located in the United States, lead and dominate the majority of the global market by a wide margin.

Source: Indian Express