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World Stocks Hit Record High
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Tokyo Stock Exchange opening ceremony for first session of 2020 JANUARY 6, 2020 : Japan Exchange Group holds an opening ceremony marking the start of this year's first trading at the Tokyo Stock Exchange in Tokyo, Japan on January 6, 2020. (Photo by AFLO)
Reuters: World stocks hit record high as techs lead relief rally
TOKYO (Reuters) - The world’s shares hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
MSCI’s broadest gauge of the world’s stocks in 49 countries .MIWD00000PUS rose a tad to hit an all-time high and its index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.18%.
Japan's Nikkei .N225 rose 0.34% while Australian stocks rallied 0.7% to a record high. Chinese shares .SSEC were little changed.
Asia’s gains followed record-setting in the pan-regional STOXX 600 index in Europe and the three major stock indexes on Wall Street.
The S&P 500 .SPX gained 0.67%, with its technology sector rising more than 1%. Apple (AAPL.O) gained 2.1%, helped by news that sales of its iPhones in China in December jumped more than 18% year-on-year. [.N]
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WNU Editor: A story that has been completely buried in most mainstream outlets.
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