Taipei, 29 April 2026 – Taiwan has overtaken Canada to become the world’s sixth-largest stock market, marking another milestone in Asia’s rising influence in global equities as artificial intelligence demand continues to lift semiconductor-linked shares.

The total market capitalisation of Taiwan-listed companies has risen by more than 35% this year to around US$4.47 trillion, edging past Canada’s estimated US$4.44 trillion market value. The surge has been driven largely by Taiwan Semiconductor Manufacturing Co, or TSMC, whose market value has climbed to about US$1.8 trillion.

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Author

Rebecca Hsu
Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.
Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.