After slipping behind Taiwan and South Korea, Indian stock markets regained its fifth position in terms of global market capitalisation due to the correction
in both the markets. Last month, Taiwan displaced India to claim fifth place in the global market capitalisation rankings with the country's market capitalisation at $4.95 trillion. India was pushed to sixth rank with market cap at $4.92 trillion while the United States remains the world's largest market with a market cap of $77.96 trillion. The rise of Taiwan market has been fuelled entirely by the artificial intelligence-driven surge in Taiwan Semiconductor Manufacturing Company (TSMC). Under the current revised rankings, India's mcap currently stands at $5.05 trillion, while Taiwan and South Korea have slipped to the sixth and seventh positions with mcap of $4.97 trillion and $4.66 trillion, respectively. Both the markets fall below the $5 trillion mark. The US retained the top position, followed by China, Japan and Hong Kong. In the Taiwan and South Korea markets, investors aggressively locking in profits following prolonged, record-breaking rallies in the artificial intelligence (AI) and semiconductor sectors.
