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A recent development in the global equity market rankings has seen Taiwan surpass India to become the world’s fifth-largest stock market, with a market capitalization of $4.95 trillion, ahead of India’s $4.92 trillion. The surge in Taiwan’s stock market value has been attributed to the rise of chip giant Taiwan Semiconductor Manufacturing Company (TSMC), a key player in the global artificial intelligence (AI) sector. TSMC’s shares have skyrocketed by 49% this year, reflecting the heightened demand for AI chips. Taiwan’s rapid ascent highlights the growing importance of AI and semiconductor manufacturing in attracting international capital. In contrast, India faces challenges…
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