Tuhin Kanta Pandey on Monday said India continues to remain a diversified equity market despite Taiwan overtaking it in overall stock market value, noting that the Taiwanese market is heavily concentrated around a handful of companies led by chip giant Taiwan Semiconductor Manufacturing Company. "India is a diversified market, but Taiwan has concentrated stocks and a higher market cap driven by a few companies," the Sebi chairman said. His comments come after Taiwan overtook India in total stock market cap, driven largely by a sharp rally in TSMC amid the global artificial intelligence boom.
According to Bloomberg data, Taiwan’s market cap rose to around $4.95 trillion, marginally ahead of India’s $4.92 trillion, making Taiwan the world’s fifth-largest equity market after the US, mainland China, Japan and Hong Kong.
