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Taiwan Stock Market Overtakes India as Worlds Fifth Largest; Taiwan Weighted Index Hit Record High This Morning
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, ranki...
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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)

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