ListNook

Elyx_117 Apr 21, 2026 +426

Almost entirely due to TSMC (60% of MSCI Taiwan). Like its economy, Taiwan's stock market is severely lopsided.

426

stupid-head Apr 21, 2026 +151

Denmark also lopsided (Novo Nordisk) NZ (Fonterra)

151

Fwoggie2 Apr 21, 2026 +23

I would have thought AP Moeller is a big chunk of Denmark's, is that not the case?

23

133DK Apr 21, 2026 +27

Mærsk, DSV, Ørsted, a few banks are all pretty large Novo was at one point the highest valued company in Europe, and while it was it really was the major part of the stock market, and still remains at roughly three times the market cap of the second highest Also Mærsks valuation specifically is a really weird, all shipping is kinda weird, but there are a lot of factors at play wrt Mærsks valuation specifically that make it a bit of an oddball

27

Comfortable-Face4593 Apr 21, 2026 +1

Ørsted ftw

1

litritium Apr 21, 2026 +14

Denmark actually has a pretty diverse economy. Global infrastructure (Mærsk, DSV, ISS), medicine (Novozymes and Novo Nordisk), energy (Vestas, Danfoss), recreation(Lego, Carlsberg, Bestseller).

14

sig_figs_2718 Apr 21, 2026 +62

MSCI Taiwan overweights TSMC. On the Taiwan Stock Exchange (TWSE) it’s just shy of 40%. But agreed. This is like a Nokia situation and we know how that turned out for Finland

62

hoishinsauce Apr 21, 2026 +28

And just like Finland's Nokia, anything that could change that position would be a massive revolution in tech.

28

sig_figs_2718 Apr 21, 2026 +25

The bright side for Taiwan is that its enormous chipmaking industrial capacity and depth of technical expertise ensures that it will remain a core player in the semiconductor and advanced electronics industry for the foreseeable future even if TSMC loses technological leadership.

25

ccs77 Apr 21, 2026 +7

I believe tsmc is also top 5 companies that filed most patents last year, alongside the likes of Samsung, Qualcomm and Huawei.

7

CloudieRaine Apr 21, 2026 +6

I think better compare Nokia to HTC. Both are handphone makers, HTC is also Taiwan company.

6

hoishinsauce Apr 21, 2026 +8

Not really. It's not about production capacity. Nokia died because it stuck in an older tech when there's a technological revolution happening. It missed the smartphone train. Then it got ratfucked by Microsoft.

8

BagNo2988 Apr 21, 2026 +1

HTC still doing vr stuff. Yeah checks out

1

MajesticBread9147 Apr 21, 2026 +10

TSMC is way more diversified than Nokia ever was. Sure they're not a conglomerate like Hitachi, but they do both semiconductor fabrication and packaging (the latter is an underappreciated step in the process) and focus on both high end and legacy nodes.

10

Budget-Turnover3231 Apr 22, 2026 +2

South Korea too, with just Samsung and SK Hynix (Around a trillion and a half usd in market cap) comprising 45% of the Kospi Index

2

Slaaneshdog Apr 21, 2026 +115

A single tech company is the reason for this A stark reminder of just how badly the UK and the rest of the EU fumbled the ball during the era of tech and software proliferation The EU should have been the ying to Americas yang on this stuff, and instead we're just the skidmark

115

IanT86 Apr 21, 2026 +37

As a founder and someone who started up a tech company in the UK, culturally it is a million miles away from how the US approaches business. To many old, conservative people in charge of business strategy, investment, innovative etc. I actually think AI is the opposite for the UK - we love some regulation and guidelines so could legitimately become a word leader (especially with the likes of DeepMind). Free, risky, creative businesses are so out of the regular UK leaders comfort zone.

37

belketeal Apr 22, 2026 +6

Leader in AI? No chance. You essentially have zero investment into frontier models

6

Mr_Strol Apr 21, 2026 -10

UK already missed the window to be a world leader in AI. Chat GPT exists, Google n Microsoft have invested billions in AI. That ship has sailed.

-10

IanT86 Apr 21, 2026 +5

They all have major HQ's and teams coming out of London. This feels like an incredibly misinformed opinion. I'd argue DeepMind are the global leaders in AI, with their leader based and born in London and driving all the growth (and wider AI approach by the UK) from Kings Cross

5

Mr_Strol Apr 21, 2026 +1

Did multiple searchers for the 10 largest AI companies. None had DeepMind listed. Regardless, do you really believe the UK will be global leaders in AI because of one company?

1

[deleted] Apr 21, 2026 +1

[deleted]

1

Mr_Strol Apr 21, 2026

Ok.. so DeepMind is owned by an American company. How does this help the other commenters point?

0

Logical_Look8541 Apr 21, 2026 +9

Deepmind is Google.

9

Mr_Strol Apr 21, 2026 +1

What’s your point?

1

Jupesthestupes Apr 22, 2026

Rezolve is uk

0

Mr_Strol Apr 22, 2026 +1

Why are people naming random companies?

1

xnmyl Apr 21, 2026 +6

ASML is the yin to TSMC's yang. ASML is a Dutch company, entirely because the US fumbled the ball on EUV lithography

6

wndtrbn Apr 21, 2026 +62

In the list of "useless metrics", total market cap must be one of the top ones.

62

Elyx_117 Apr 21, 2026 +18

Mm not really, market cap size has a major impact on the weighting of index composition, which in turn affects how asset managers allocate money (among other factors). Not saying this is happening now but in broad terms a larger market may eventually account for a larger part of a global benchmark like MSCI AC World, and an asset manager will have to put more money on it or risk underperforming.

18

ASource3511 Apr 21, 2026 -1

I'm so bored of Taiwanese on Threads bragging about the market cap like it is distributed across the people of TW. 40%+ of the TW stock market is TSMC and 70% of TSMC is owned by foreign companies. Meanwhile TW's average monthly salary is ranked like 44th and it's GDP is ranked 22th

-1

Amstervince Apr 21, 2026 -8

Actually it is for most economic purposes the best metric to follow.

-8

-Radiation Apr 21, 2026 +16

what most economic purposes? I never heard anything like that, it doesnt track distribution of wealth or living standards, can be dominated by a few outliers that do not reflect general economic stability, heavily focused on future expectations and speculation.

16

Fwoggie2 Apr 21, 2026 +15

But why? Any company can list anywhere it likes. Examples of UK companies who are entirely listed on a non UK stock exchange: * Linde (industrial gases) = $230.8bn * ARM (computer chips) = $185.9bn Example of non UK companies listed on a UK stock exchange either partially or fully: * Samsung Electronics * Toyota Motor Corp * Reliance Industries (Indian) * Total Energies (French) * BHP (Australian) * State Bank of India (India) etc

15

wndtrbn Apr 21, 2026 +11

Name one.

11

Financial_Army_5557 Apr 21, 2026 +2

No, GDP is far more useful

2

Amstervince Apr 22, 2026 +1

agree, but assumed from post we're talking about stocks

1

BennyBagnuts1st Apr 21, 2026 +25

The City of London is a global financial centre known for Insurance and complex financial instruments. Not so much its stock market.

25

imminatural Apr 21, 2026 +11

That's just saying that investing in the UK has poor returns. That's not great.

11

BritishAnimator Apr 21, 2026 +17

The fact our little island was ahead of the worlds largest semiconductor manufacturer country was surprising in itself.

17

tomasNth Apr 21, 2026 +93

Its Chinese revenge over British colonialism. The UK was ahead because of its fish and chips, but Chinese overfishing caused a fish shortage, resulting in poeple settling for chips. Taiwan makes the most and best chips, so they are ahead. That is why is China plan to takeover Taiwan, to Seize the fish and chip market from the UK.

93

wndtrbn Apr 21, 2026 +52

You have potential to become a great shitposter.

52

JerbTrooneet Apr 21, 2026 +7

The day McDonalds can serve me a side of Ryzen 5 chips with my Big Mac would be a glorious day indeed.

7

DeeperMadness Apr 21, 2026 +4

Even at current chip prices, the Big Mac will still cost more.

4

redsterXVI Apr 21, 2026 +17

Isn't their island smaller? Maybe the mercator map is playing tricks on me, but I've also traveled to both and Taiwan felt considerably smaller.

17

sig_figs_2718 Apr 21, 2026 +35

UK: 243,610 sq km with a population of 69.9 million Taiwan: 35,980 sq km with a population of 23.03 million

35

CopainChevalier Apr 21, 2026 -8

How is that possible anyway? They’re basically a city state, right? How do they have the resources to outperform bigger countries who would have more of the components naturally and more space for more factories?

-8

EI_TokyoTeddyBear Apr 21, 2026 +13

You might be confusing it with Hong Kong with the city state part Taiwan is an island with several cities, towns etc

13

CopainChevalier Apr 21, 2026 +2

Ah, yep, my bad. Thank you

2

DonQuigleone Apr 21, 2026 +2

I'd also add that it has about a 1/3 of the UK's population. Not small. Not big either,

2

StandAloneComplexed Apr 21, 2026 +5

Please look at a map.

5

CopainChevalier Apr 21, 2026

Oh man, got a name confused so now the person who never makes mistakes is going to come after me

0

BlitzNeko Apr 21, 2026 -7

Not surprising, considering the UK has practically no industry and its best sector right now is just oppressing it’s own people.

-7

The_Artist_Who_Mines Apr 21, 2026 +8

Russian bots don't even try anymore

8

BlitzNeko Apr 21, 2026

Wouldn’t know, why don’t you try anymore? Putin steal your pension? More to the point, tell me what that has to do with my disappointment in the UK?

0

Wgh555 Apr 21, 2026 +9

Absolute garbage. The Uk is the 10th largest manufacturer in the world when that’s not even its main focus. It manufactures exclusively high tech items that can’t easily be copied. And this is from an economy that is 80% services focused.

9

Comfortable-Face4593 Apr 21, 2026

Yay brexit

0

Viva_La_Revolucion- Apr 21, 2026 -20

Stock markets due not add any value to the bottom 90% of the entire global population... It only enriches the parasite class. The more you know🌠

-20

UsedNegotiation8227 Apr 21, 2026 +7

So .. gas prices, prices of commodities and goods don't affect the bottom 90%? You are absolutely absurd.

7

bravenewchurl Apr 21, 2026 +5

Commodities are sold on commodities exchanges not stock markets, but even there the prices are not reflective of the actual cost of goods sold due to derivative products and speculation.

5

xnmyl Apr 21, 2026 +2

He said stock market. commodities are sold in commodities markets, not the stock market Those are also futures. Futures really don't affect the average person

2

Viva_La_Revolucion- Apr 21, 2026 -8

Wish i knew as little as you

-8

VogonSoup Apr 21, 2026 -5

That’s exactly what they didn’t say. “Add any value” is not “affect”. The 90% ARE affected by the speculators/gamblers/parasites but benefit by exactly ZERO.

-5

Hicklethumb Apr 21, 2026 -11

I see a lot of negativity in the comments. People are just salty that Thaiwan is Thaiwinning Edit: meant to say Thighwan. Sorry internet.

-11

gththrowaway Apr 21, 2026 +9

You do understand that Taiwan and Thailand are not the same place, right?

9

Virtual_Seaweed7130 Apr 21, 2026 -19

We all know that the only way taiwan went from not existing to having a larger market cap than the UK is by embracing progressivism and diversity. They let in many immigrants to strengthen their economy unlike the UK Oh wait

-19

dream208 Apr 21, 2026 +8

You are talking about the first country in East Asia that legalized gay marriage. And yes, Taiwan relies a lot on South East Asian immigrants to strengthen their economy. Why the f*** do you treat progress and diversity as some kind of dirty words?

8

Virtual_Seaweed7130 Apr 21, 2026

Dude the population is over 95% chinese what are you talking about.

0

Taiwan stock market surpasses UK to rank 7th by total market cap

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