AI-driven chip rally lifts Taiwan past India in global rankings as Korea closes the gap

The global AI boom is reshaping equity market rankings, with Taiwan overtaking India to become the world’s fifth-largest market and South Korea rapidly closing the gap. Investors are rewarding countries with strong exposure to semiconductor and AI supply chains, led by giants like Taiwan Semiconductor Manufacturing (TSMC) and SK Hynix. India, despite strong economic growth and domestic inflows, is losing global market share due to limited presence in AI and advanced chip manufacturing.