Taiwan Overtakes India as World's Fifth-Largest Stock Market
TSMC shares have surged 49% this year, and Taiwan’s market value reached $4.95 trillion as global investors chased AI-related tech stocks.
- Taiwan's stock market capitalization surged to $4.95 trillion on Monday, May 25, overtaking India's $4.92 trillion and becoming the world's fifth-largest equity market, trailing only the US, China, Japan, and Hong Kong.
- TSMC shares surged 49% this year as investors pursued artificial intelligence gains, where the chipmaker dominates foundry services and now represents about 42% of Taiwan's benchmark index, concentrating the island's market value in a single company.
- Taiwan's financial regulator raised investment limits last month, allowing domestic funds to hold up to 25% of net assets in companies exceeding 10% weighting on the Taiwan Stock Exchange, with only TSMC qualifying and JPMorgan Chase projecting more than $6 billion in inflows.
- India's market contracted amid record foreign outflows driven by elevated valuations and a weakening rupee, with stocks down 8% this year heading for their first annual drop after a decade, as global funds sold nearly $24 billion of Indian equities.
- Fund manager Yi Ping Liao at Franklin Templeton said Taiwan's heavy concentration in tech hardware positions it at the center of the AI investment cycle, while India's allocation in the MSCI emerging markets index fell to about 12% from 19% last year.
27 Articles
27 Articles
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Value of companies listed on the Taiwanese stock exchange reached 4.95 billion dollars on Monday (4.26 billion euros), while the Indian market declined to 4.92 billion dollars.
The Taiwanese stock exchange has overtaken that of India in terms of market value. The island's stock market is now the fifth largest in the world, after the United States, China, Japan, and Hong Kong. Taiwan's rise in the global stock rankings is primarily due to the strong increase in the market value of Taiwan Semiconductor Manufacturing (TSMC), the world's largest chip manufacturer.
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