MSCI World Index Rises 0.1% as Asian Investors Renew AI Stock Bets
Updated
Updated · Bloomberg · Aug 10
MSCI World Index Rises 0.1% as Asian Investors Renew AI Stock Bets
3 articles · Updated · Bloomberg · Aug 10
Summary
MSCI’s All Country World Index added 0.1%, marking its seventh gain in eight sessions and keeping global equities near a record high.
Asian stocks led the move, with MSCI’s regional gauge up 0.8% as investors returned to artificial-intelligence names after a month of volatility.
Wall Street set the tone on Friday after soft US jobs data pushed the S&P 500 to an all-time high, reinforcing risk appetite across markets.
Oil also advanced as Iran rejected talks with the US and no agreement emerged to reopen the Strait of Hormuz, adding a geopolitical counterweight to the equity rally.