Taiwan's Stock Market Capitalization Ranks Sixth Globally

Fueled by the continued global AI technology transaction, the stock market in Taiwan, China exceeded Canada at the end of April to become the world's sixth largest stock market. According to data compiled by Bloomberg, the total value of Taiwan's listed companies has increased by more than 35% so far this year, reaching approximately $4.47 trillion; Canada's growth during the same period was about 5%, with a total value of $4.44 trillion.

This shift continues the rapid ascent of the Taiwan stock market. On April 15th, Taiwan's total stock market value, amounting to $4.13 trillion, surpassed the UK's $4.09 trillion to become the world's seventh; it then further surpassed Canada with the help of AI heavyweight stocks such as TSMC, rising to the sixth position globally.

Taiwan is not the only beneficiary; the entire Asian AI hardware supply chain is reshaping the global capital market landscape. Over the past seven months, technology-heavy markets such as Taiwan and South Korea have successively surpasses European markets like Germany and France in size, demonstrating that funds are concentrating in regions with a higher exposure to AI hardware.

According to Fidelity International Portfolio Manager Ian Samson, the rapid rise of Taiwan and South Korea is fundamentally due to semiconductors becoming the "new oil"—that is, a key factor of economic activity. AI investments are made "at any cost," coupled with oligopolistic control of leading processes, creating extremely high valuation premiums and market cap elasticity.

The latest ranking of the world's top ten stock markets is as follows: United States, Mainland China, Japan, Hong Kong, India, Taiwan, Canada, South Korea, United Kingdom, France.