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Taiwan Stock Market Overtakes India as Worlds Fifth Largest; Taiwan Weighted Index Hit Record High This Morning
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Bloomberg data showed that Taiwans stock market capitalization rose to USD4.95 trillion yesterday (25th), overtaking India to become the worlds fifth-largest equity market, ranking behind only the United States, Mainland China, Japan and Hong Kong. The Taiwan Weighted Index once broke above 44,000 points this morning (26th), hitting an all-time high of 44,097 points, and is now down 0.13% at 43,586 points. Taiwans stock market has repeatedly set new highs this year, benefiting from the strong performance of TSMC, which accounts for 42% of the Taiwan Weighted Index. TSMC has surged about 48% year to date. Taiwan authorities also raised the cap on domestic funds investment in a single stock last month. JPM expects that under the new rules, Taiwan could attract more than USD6 billion in capital inflows. (mn/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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