Tech dominance is now a global trend:
The information technology sector now reflects 85% of Taiwan's stock market cap, the most among major world markets.
This is followed by South Korea and the Netherlands, at 57.2% and 54.6%, respectively.
The US is ranked 4th, with IT making up 32.7% of the S&P 500's total market value.
Including communication services, technology stocks reflect a near-record 45% of the US stock market, still below the top 3 countries.
Meanwhile, the weight of global tech stocks as a % of the total global market ex-US stands at ~11.0%, the highest since 2021 but below the 14% peak during the 2000 Dot-Com Bubble.
Global equity markets have rarely been this concentrated in a single sector.
The information technology sector now reflects 85% of Taiwan's stock market cap, the most among major world markets.
This is followed by South Korea and the Netherlands, at 57.2% and 54.6%, respectively.
The US is ranked 4th, with IT making up 32.7% of the S&P 500's total market value.
Including communication services, technology stocks reflect a near-record 45% of the US stock market, still below the top 3 countries.
Meanwhile, the weight of global tech stocks as a % of the total global market ex-US stands at ~11.0%, the highest since 2021 but below the 14% peak during the 2000 Dot-Com Bubble.
Global equity markets have rarely been this concentrated in a single sector.
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