The artificial intelligence boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one.
With its stock market now valued at nearly $4.3 trillion, Taiwan surpassed the United Kingdom, Europe’s biggest market, earlier this month, according to data compiled by Bloomberg. South Korea is about $140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months.