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 advanced 0.3% and MSCI’s Asian gauge jumped 1.9% to a record. That was 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.