AI selloff knocks South Korea, Taiwan down global market cap rankings

July 31, 2026

South Korea and Taiwan market caps declined significantly after initial gains. This fall was driven by concerns over artificial intelligence capital expenditure sustainability. Taiwan slipped to seventh and South Korea to tenth in global stock market rankings. Indian equities showed resilience, with the Sensex posting a modest gain. India now holds the sixth spot with a market capitalization of $5.1 trillion.

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