Taiwan Overtakes India as World’s 5th Largest Stock Market

Taiwan’s stock market valuation has surpassed India’s, reaching USD 4.95 trillion compared to India’s USD 4.92 trillion. This significant leap was primarily driven by the remarkable performance of Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker. Taiwan’s stock market now ranks fifth globally, trailing only the US, mainland China, Japan, and Hong Kong. Despite having fewer listed companies and a smaller population of 2.3 crore, Taiwan’s market has attracted increasing foreign investments, while India has experienced significant capital outflows. The surge in TSMC, which constitutes nearly 42% of Taiwan’s benchmark stock index, has played a pivotal role in propelling…