The Shanghai stock market crashed on Thursday -- here's what it looks like next to the US markets

The Shanghai Composite stock index was slammed on Thursday, dropping by 6.5%.

Over the last year, the Shanghai exchange has grown to be the third largest in the world.

Here are the ten largest stock exchanges in the world by total market capitalisation, as of April 2015, according to the World Federation of Exchanges’ monthly report. With a total end of April market cap of $US5.6 trillion, Shanghai is the third largest exchange in the world after the two big US exchanges:

NOW WATCH: This is the Chinese version of Google Glass and it’s only a fraction of the price

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.