MSCI World Index Rises 0.1% as AI Shares Rebound

2 articles · Updated · Bloomberg · Jun 2

The MSCI All Country World Index edged up 0.1% near a record high after reversing an earlier drop of as much as 0.2%.
AI-linked stocks led the turnaround as investors bought back into one of this year's strongest trades after a brief pullback.
Asian shares recovered from a 1% slide to gain 0.3%, with South Korea's Kospi—seen as a bellwether for AI investing—erasing all of its losses.
Chinese technology stocks added momentum to the rebound, helped by an 8.8% jump in Tencent shares.

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