AI boom helps Taiwan overtake India in stock market rankings
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Taiwan has overtaken India as the world's fifth-largest stock market, a major shift in global financial dynamics.
The island's market capitalization reached $4.95 trillion on Monday, according to Bloomberg data.
This is largely due to the stellar performance of Taiwan Semiconductor Manufacturing Company (TSMC), which now accounts for about 42% of the benchmark index.
The island's market capitalization reached $4.95 trillion on Monday, according to Bloomberg data.
This is largely due to the stellar performance of Taiwan Semiconductor Manufacturing Company (TSMC), which now accounts for about 42% of the benchmark index.
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