Punjab Newsline | New Delhi
Taiwan, a country with a population of just 23 million smaller than India’s capital city population has achieved a major milestone in the global financial world. Despite ongoing territorial claims by China, Taiwan’s stock market has surged ahead of India in terms of market capitalization.
Taiwan’s total stock market capitalization rose to $4.95 trillion on Monday, surpassing India’s $4.92 trillion. With this jump, Taiwan has become the world’s fifth-largest equity market, behind only the United States, China, Japan, and Hong Kong.
The biggest driver behind Taiwan’s rise has been semiconductor giant TSMC, which now accounts for nearly 42% of the benchmark index. The company’s dominance highlights how a handful of tech firms are powering Taiwan’s market growth.
TSMC shares have surged 49% this year amid soaring global demand for AI chips. The company manufactures advanced semiconductors used by major technology firms such as Nvidia, Apple, Advanced Micro Devices and Qualcomm.
As artificial intelligence becomes the biggest global investment theme, investors are increasingly shifting towards semiconductor and AI-linked markets. This trend has significantly benefited manufacturing hubs like Taiwan and South Korea, helping them outperform expectations in global equity markets.
