Global Stock Rally Builds on Iran Deal Optimism: Markets Wrap

Equities advanced on optimism the US and Iran were nearing a deal to end their conflict, adding fresh fuel to a rally that has pushed global stocks to a series of record highs.

The MSCI All Country World Index, the broadest measure of global equities, rose 0.3% on Wednesday, extending this year’s advance to almost 10%. MSCI’s Asian gauge jumped 2% to a record, driven by a catch-up surge in Japan’s Nikkei 225 index, which also touched an intraday high. South Korea, a bellwether for tech investments, surpassed Canada as the world’s seventh-largest equity market by value.