World-Beating India Stocks Just Pipped Taiwan in EM Index Weight
- India weighting a whisker above Taiwan’s, only trailing China
- Benchmark Sensex index has rallied 11% in the current quarter
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A sharp rebound in Indian stocks this quarter has just seen their weighting rise to the second spot in the MSCI Emerging Markets Index, trailing only China’s.
With 108 members, India’s country weight stands at 14.483% as of end-August, according to data compiled by Bloomberg. That’s a whisker above 14.480% for Taiwan, which has 84 companies in the MSCI EM gauge, including the most-weighted Taiwan Semiconductor Manufacturing Co. China continues to dominate with about a third of the index weighting.