Brief by Shorts91 Newsdesk / 08:50am on 26 May 2026,Tuesday Business
Taiwan has overtaken India to become the world’s fifth-largest stock market after a sharp rally in shares of Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker. Bloomberg data showed Taiwan’s total market capitalisation rose to $4.95 trillion, slightly ahead of India’s $4.92 trillion. Taiwan’s gains were driven by strong global investor interest in artificial intelligence-linked technology stocks, particularly semiconductor companies. India’s markets, meanwhile, faced foreign investor outflows, rising energy prices and concerns over slowing earnings growth. Analysts said Taiwan benefited from its dominance in global chip manufacturing, while India saw weaker investor sentiment and valuation concerns. (PC: Ai generated)
