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by Square League


Taiwan Overtook India. The Real Reason Has a Three-Letter Name: TSMC
In May, two numbers crossed on a Bloomberg screen and changed the global ranking. Taiwan's stock market rose to about $4.95 trillion in total value, and passed India's $4.92 trillion. That made Taiwan the fifth-largest stock market in the world, behind only the United States, mainland China, Japan and Hong Kong. India, which used to hold fifth place, dropped to sixth. Here is the odd part. India's economy is worth about $4.15 trillion, more than four times the size of Taiwan'
Anjali Rose Abraham
7 hours ago4 min read
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