-- Taiwan's stock market has surpassed the UK in value, reaching about $4.14 trillion in total market capitalization and ranking as the world's seventh largest, Bloomberg News reported Wednesday, citing its own compiled data of primary market listed firms on the island.
The figure topped the UK's market, which was valued at around $4.09 trillion as of Wednesday, the report said.
The rally was fueled mainly by a rebound in technology shares as geopolitical tensions eased, helping the Taiex index recover earlier losses and push to a record high. Strong performance from major tech firms, especially those tied to artificial intelligence, led the gains and boosted overall investor sentiment, the report said.
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