Mumbai: Taiwan pipped India as the fifth biggest market in stock market value on Monday, extending its blistering run thanks to the AI-fuelled rally.The island nation's market capitalisation stood at $ 4.95 trillion ($4952.22 billion), overtaking India's $4.92 trillion ($4920.51 billion), according to Bloomberg data compiled by ETIG.The United States, China, Japan, and Hong Kong are the markets ahead of Taiwan.South Korea is the seventh largest market with a market capitalisation of $ 4.54 trillion ($4544.42 billion). Taiwan and Korea have seen the biggest rise in market values in 2026, surging 52% and 69%, respectively, thanks to strong global investor appetite for AI-related companies with strong semiconductor supply chains and manufacturing expertise. Foreign portfolio investors have been cutting exposure to India since October 2024, partly because of the absence of AI capabilities, slower earnings growth and rich valuations compared to its peers.AgenciesSTRONG RUN: Chipmaker TSMC powers Taiwan’s market-cap surge; India loses ground amid persistent foreign outflows on slower earnings growth and valuation concernsTaiwan's market value surge has been driven by the 45% jump in Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chip foundry. TSMC accounts for over 42% of Taiex, underscoring the company's dependence on one stock.The run-up in South Korea has been fuelled by Samsung Electronics and SK Hynix.
AI Inside: Taiwan goes past India to number 5 in global m-cap league
Taiwan has surpassed India to become the fifth largest stock market globally. This shift is driven by a strong AI-fueled rally. Taiwan's market capitalization now stands higher than India's. This surge is largely attributed to the performance of key semiconductor companies. Foreign investors have been reducing their exposure to India. The global appetite for AI-related firms is reshaping market rankings.
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