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Taiwan Surpasses India as World's Fifth-Largest Stock Market

Taiwan has eclipsed India to become the world's fifth-largest stock market. Taiwan Semiconductor Manufacturing Co., the globe's leading chipmaker, powered the shift with exceptional gains. The reordering reflects a broader emerging-market rally extending through multiple trading sessions, with technology stocks leading the advance. South Korea's equities also posted record gains during this period. The momentum underscores investor confidence in the semiconductor sector's growth prospects. Market observers note the divergence highlights how sector concentration and global capital flows are reshaping equity valuations across Asia's largest economies.