- Taiwan's equity market is now the world's sixth largest by market cap
- Taiwan's market cap rose over 35% this year to $4.47 trillion
- Canada's market cap increased about 5% to $4.44 trillion in the same period
Taiwan's equity market has overtaken Canada's to become the world's sixth largest, driven by strong demand for artificial intelligence-linked shares and the rapid rise of chip giant Taiwan Semiconductor Manufacturing Co.
The total market capitalization of Taiwan-listed companies has surged more than 35% this year to $4.47 trillion, while Canada's has climbed about 5% to $4.44 trillion, data compiled by Bloomberg show. TSMC, which makes up nearly 45% of the local equity benchmark, has seen its market value swell to $1.8 trillion during the period.
The crossover shows how index composition is shaping national equity fortunes. Taiwan's tech-heavy market has ridden a wave of global craze for semiconductors and AI, while Canada's resource- and finance-driven benchmark has delivered more modest returns amid volatile commodity prices and moderating economic growth.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.