Taiwan's Stock Market Just Overtook India — And It's Almost Entirely Because of One Company

| May 26, 2026, 06:43:08 PM | TOI.in
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Taiwan has overtaken India in total stock market value — despite having a GDP less than a quarter of India's size. The driving force is TSMC, the world's largest chipmaker, whose shares have surged 49% this year on the back of the global AI boom. Meanwhile, India is battling a weakening rupee, record foreign investor outflows of ₹1.92 lakh crore in just four months, and an IT sector facing disruption from the same AI wave lifting Taiwan. Shreya Chandra explains what's behind the shift, what it means for Indian markets, and whether this is a structural break or a temporary rotation.

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