New Delhi, Aug. 25 -- Powered by chip stocks, Taiwanese equities emerged as one of the top performers among Asian markets, with the latest gains also helping the TAIEX move closer to reclaiming the top position from South Korea's KOSPI.

Chip stocks have emerged as some of the biggest beneficiaries of aggressive spending by technology giants to scale up AI infrastructure. Since the artificial intelligence boom was ignited by OpenAI's ChatGPT in 2022, global demand for chips has surged, pushing shares of Taiwan Semiconductor Manufacturing up more than 50% year-to-date.

As TSMC carries the largest weightage in the index, the rally has propelled the TAIEX to gain 54.55% in 2026, extending its winning streak to a fourth straight year.

Howev...