India Overtakes Taiwan to Become World’s 5th Largest Stock Market Again
India has overtaken Taiwan to become the world’s fifth-largest stock market again. Its total value reached about $5.4 trillion after adding roughly $640 billion since late October, Bloomberg data shows. A faltering artificial intelligence (AI) trade and a slide in oil prices drove the gain. Yet India reclaimed the…
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Explained in this story
Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceStock market
The set of exchanges where shares of public companies are bought and sold.
Market moves reflect investor expectations about companies and the economy, and affect savings and pensions.
More about Stock marketCrude oil
Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.
Oil prices feed into fuel, transport and goods costs, and so into inflation.
More about Crude oilMore in Finance
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