New Delhi, May 26 -- Taiwan's stock market has overtaken India in terms of valuation to become the fifth-largest in the world. The rally was primarily driven by the world's largest chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC).
Taiwan's market capitalisation climbed to $4.95 trillion, while India's market value slipped to $4.92 trillion. Taiwan's stock market now trails only the US, mainland China, Japan, and Hong Kong.
The surge reflects strong investor confidence in Taiwan's semiconductor ecosystem.
TSMC now accounts for about 42 per cent of the benchmark index, highlighting intense market concentration. The company's shares have rallied 49 per cent this year, benefiting significantly from the Artificial Intelligence (AI...