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Stock impact report

Global stock markets' winners and losers of 2025 — and where they're headed [CNBC]

Morningstar, Inc. (MORN) 
Company Research Source: CNBC
European stocks surged on bank-heavy gains, but valuation resets may limit upside in 2026. Asia's outlook hinges on policy support and AI demand, with gains uneven across markets. The Wall Street bull stands in the financial district near the New York Stock Exchange on Nov. 18, 2025 in New York City. Spencer Platt | Getty Images Global stocks have seen a stellar run in 2025, yet widening performance gaps and rising expectations suggest the new year may separate durable winners from fleeting momentum trades. The MSCI All Country World Index , which measures the performance of over 2,500 large and mid-cap equities from developed and emerging markets, has climbed over 21% since the start of the year, hitting a record high of 1,024 on Dec. 26, data from LSEG showed. The standout performer in 2025 was Colombia. The Latin American country's equity market has surged more than 91% year-to-date, emerging as the world's best performer, according to data collated by Morningstar fo Show less Read more
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