The island’s ascent through the global equity rankings has been largely driven by chipmaker TSMC
Published Tue, May 26, 2026 · 10:44 AM
TAIWAN has overtaken India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC).
The island’s market capitalisation climbed to US$4.95 trillion on Monday (May 25), data compiled by Bloomberg showed. India’s value dropped to US$4.92 trillion.
Taiwan’s stock market is now the fifth-largest in the world, behind only the US, mainland China, Japan and Hong Kong.
Its ascent through the global equity rankings has been largely driven by TSMC, which now accounts for about 42 per cent of the benchmark index, representing…
