World stocks hit two-year high, led by emerging markets

World stocks hit a two year high on Thursday, touching levels not seen since September 2008 just after the collapse of Lehman Brothers.

Emerging market stocks led the way, touching levels not seen since June 2008.

MSCI’s all-country world index, a leading benchmark used by professional investors, was up 0.8 per cent in the day at around 319. This was the highest level since 22 September 2008.

The index was up around 0.8 per cent on the day, some 85 per cent above its financial crisis low in March 2009.

MSCI’s emerging market benchmark was up more than one per cent on the day. It has risen 14 per cent this year.