Taiwan Overtakes Canada as World’s Sixth-Largest Stock Market

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.