India’s share of global market capitalization has fallen under 3%, pressured by a prolonged bearish run and heavy foreign portfolio investor outflows. Even with the slide, the country remains fifth globally with a market cap of about $4.9 trillion. However, Taiwan and South Korea are closing the gap quickly, signaling faster shifts in global investor preference.
Taiwan’s stock market has overtaken Canada to become the world’s sixth largest, fueled by booming demand for AI-linked shares and a steep surge in TSMC. Taiwan-listed firms’ market cap jumped more than 35% to $4.47 trillion, slightly ahead of Canada’s 5% rise. TSMC’s strength is so large it represents nearly 45% of the benchmark index.
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