Taiwan Surpasses India Due to TSMC
"But, Taiwan's total market cap just hit 4.95 trillion, officially edging past India's 4.92 trillion. But, don't start buying a broad Taiwan index just yet. This entire massive surge is basically fueled by one stock, one, TSMC. The Taiwan Semiconductor Manufacturing Company has exploded roughly 50% year-to-date, single-handedly adding over 2.5 trillion in market value this year alone. It now controls a staggering 42% of Taiwan's entire benchmark index."
ℹ️ In shortTaiwan's entire market cap surge, surpassing India, is driven by one company, TSMC, which now controls 42% of its benchmark index.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… A tiny island of just 23 million people beat an entire nation of 1.4 billion people to become the fifth largest stock market on Earth, which sounds completely insane. But, Taiwan's total market cap just hit 4.95 trillion, officially edging past India's 4.92 trillion. But, don't start buying a broad Taiwan index just yet. This entire massive surge is basically fueled by one stock, one, TSMC. The Taiwan Semiconductor Manufacturing Company has exploded roughly 50% year-to-date, single-handedly adding over 2.5 trillion in market value this year alone. It now controls a staggering 42% of Taiwan's entire benchmark index. The global AI boom makes Taiwan look unstoppable right now. This extreme concentration is absolutely wild. Long-term, India's diverse economy is still incredibly bullish, and I'm going to keep allocating money to do that. Taiwan is effectively a one-stock show, man. Tech monopoly masquerading as a country. …
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