Taiwan overtakes Canada as world’s sixth largest stock market

6 articles · Updated · Bloomberg · Apr 29

Taiwan’s market capitalization has surged over 35% this year to $4.47 trillion, surpassing Canada’s $4.44 trillion, with TSMC alone reaching $1.8 trillion.
The rapid growth is fueled by strong demand for artificial intelligence-related shares and the soaring value of Taiwan Semiconductor Manufacturing Co., which now accounts for nearly 45% of Taiwan’s equity benchmark.
This milestone highlights Taiwan’s increasing influence in global markets, driven by its leadership in semiconductor manufacturing and the global AI boom, while Canada’s market grew by only about 5% in the same period.

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