India reclaimed the fifth position in global market capitalization after Taiwan’s AI-led market rally cooled, with investors reassessing semiconductor and AI stock valuations.
India has regained the fifth position in global market capitalization rankings, overtaking Taiwan after a recent correction in the island nation’s equity markets.
India’s total market capitalization stood at $5.04 trillion, slightly ahead of Taiwan’s $4.97 trillion, according to ETIG database data compiled from Bloomberg. This marks India’s second rise in global rankings in recent weeks. Earlier this month, India had moved past South Korea to reclaim sixth place after briefly slipping to seventh.
The United States continues to lead global market rankings with a market capitalization of $79.25 trillion, followed by China, Japan and Hong Kong.
According to Economic Times, Taiwan and South Korea have come under pressure over the past week as investors booked profits after a sharp rally in semiconductor and AI-linked stocks. Market sentiment weakened amid concerns over stretched valuations and the sustainability of AI-driven spending.
Earlier, strong momentum in North Asian AI-related stocks had pushed both Taiwan and South Korea ahead of India. In contrast, Indian equities had faced pressure as foreign portfolio investors reduced exposure, citing slower earnings growth, premium valuations and limited large-scale AI plays.
The latest shift reflects changing investor sentiment across global markets, particularly in technology-heavy economies.
