# Taiwan surpasses Canada as the sixth-largest equity market, powered by AI-driven chip stocks and the meteoric rise of TSMC.

*semiconductor · news · 2026-04-29 · Business Standard*

## Key points

- Taiwan's equity market is now the sixth largest globally, surpassing Canada.
- TSMC alone accounts for nearly 45% of Taiwan's equity benchmark and is valued at $1.8 trillion.
- Taiwan's market capitalization grew over 35% this year, compared to Canada's 5% growth.
- The shift is largely driven by AI-fueled demand for semiconductors in Taiwan's tech-heavy sector.

**Companies:** Taiwan Semiconductor Manufacturing Co.
**Countries:** Taiwan, Canada

[Read the full story on Business Standard](https://www.business-standard.com/markets/news/taiwan-s-equity-market-overtakes-canada-s-to-become-world-s-sixth-largest-126042901589_1.html)

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