Taiwan has just vaulted past India to become the world’s No. 5 stock market, powered by an AI boom that’s fused investor frenzy with the dominance of the planet’s most critical chipmaker. The catalyst is unmistakable: Taiwan Semiconductor Manufacturing Co., up 46% this year, pulling the entire market — and the economy — upward with it. […]
Taiwan’s boom a leveraged bet on AI irrational exuberance
With TSMC at 42% of its stock benchmark, Taiwan has become world’s most concentrated wager on the bubbly AI trade
