Taiwan’s stock market has overtaken the UK’s in total value, making it the world’s seventh largest as the AI investment boom drives demand for chips made by Taiwan Semiconductor Manufacturing Company.
Taiwanese equities’ total market capitalisation hit $4.13tn on Thursday, ahead of the UK’s $4.09tn, according to a Bloomberg dataset that counts actively traded, primary-listed securities on a country’s exchange.
Taiwan’s market has been supercharged by AI service providers that depend on chips produced by TSMC, which makes up 45 per cent of the country’s entire market capitalisation.
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