Taiwan's stock market climbed to rank the fifth-largest equity market in the world with a market capitalization of $4.95 trillion, topping India's $4.92 trillion, Bloomberg data showed Monday.
The rally has been powered by Taiwan Semiconductor Manufacturing (TPE:2330), which makes up about 42% of the benchmark index and has surged 49% this year. The island is now only behind the US, mainland China, Japan, and Hong Kong. India, however, has lagged amid higher energy costs, slower earnings momentum, and sustained foreign outflows, Bloomberg News said.
The shift reflects a sharp divergence in investor sentiment across major emerging markets. Strong demand linked to artificial intelligence chips has driven heavy concentration gains in Taiwan's tech-heavy market.
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