Taiwan Overtakes India as World's Fifth-Largest Stock Market

Taiwan’s stock market quietly edged past India’s in market value—$4.95T vs $4.92T—driven largely by a breakneck rally in chip giant TSMC as AI demand booms.
TSMC now makes up about 42% of Taiwan’s benchmark, is up ~46% this year, and a recent rule raising single‑stock limits for local funds could funnel billions more into the company.
India still has a much bigger economy, but its market has slid amid record foreign outflows, higher energy costs, a weaker rupee and falling MSCI weight—making it a quieter spot in the AI rally.