Investors can ride Taiwan’s AI boom with Singapore depository receipts

[SINGAPORE] In April, Taiwan overtook Canada, the United Kingdom and France to become the world’s sixth-largest stock market by market capitalisation, at US$4.7 trillion. On Monday (May 25), it knocked India off its position, rising to fifth place.

Back in 2004, Taiwan ranked just 12th globally, with a market capitalisation of about US$500 billion.

JPMorgan recently raised its targets for Taiwanese stocks for the second time in less than a month, recommending the market as “the most pure-play exposure to the global artificial intelligence build-out”.