Strong performance of global stock markets in 2025, with significant gains in non-US markets exceeding expectations.

Foreign media: The global stock markets performed strongly in 2025, with the US S&P 500 index achieving a double-digit growth for the third consecutive year. Non-US stock markets performed even better, with the MSCI Global Ex-US index rising by about 29%, far exceeding the S&P 500's 17%.

Asian stock markets led the gains, with the South Korean KOSPI index surging nearly 76%, the Hong Kong Hang Seng Index rising 31%, the Shanghai Composite Index up 21%, and the Japanese Nikkei 225 Index up 28%. European stock markets also showed strong performance, with both the UK FTSE 100 Index and the German DAX 40 Index rising more than 20%.

The outstanding performance of non-US stock markets is attributed to the uncertainty of US trade policies, concerns about the high valuation of US tech stocks, the rapid development of artificial intelligence in China, and the weakness of the US dollar.

Original article: toutiao.com/article/1853039306021888/

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