- The MSCI All Country World Index rose nearly 10% since the start of the year to hit a record high on July 4.
- European equities have emerged as the surprise stars of 2025, with Greece leading the world in year-to-date gains.
- Among a mixed performance from Asian benchmarks, South Korea has staged an impressive comeback.
Global stocks have surged to unprecedented levels in the first half of 2025, even as U.S. President Donald Trump’s tariff salvos ripple across the globe. Here are the top winners and losers globally, as well as where they’re headed.
The MSCI All Country World Index, which measures the performance of over 2,500 stocks from both developed and emerging market equities, rose nearly 10% since the start of the year to hit a record high on July 4.
European equities have emerged as the surprise stars of 2025, with Greece, Poland, Czech Republic and Spain leading the world in year-to-date gains, according to data collated by Morningstar for CNBC. In comparison, U.S. equities climbed comparatively lower in light of wavering confidence in American assets following Trump’s erratic policymaking.
Source: https://www.cnbc.com/2025/07/09/global-stock-markets-best-and-worst-performers-in-2025-so-far.html