Global Stock Markets in 2025: A Year of Surprising Winners and Unexpected Comebacks

2025 delivered a resounding victory for global equity markets despite persistent trade tensions and geopolitical uncertainty. While the S&P 500 gained 17%, Europe and Asia stole the show with extraordinary double-digit returns. Germany's DAX surged 22%, Japan's Nikkei leaped 28%, and emerging markets roared back with over 30% gains. This was the year the world finally questioned American exceptionalism.

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