Equities in several parts of the world have been rallying as easing inflation pressures, resilient corporate earnings and expectations for U.S. rate cuts boost investor sentiment.

The MSCI All Country World Index, which tracks the performance of over 2,500 stocks from both developed and emerging markets, has hit fresh record highs for four straight sessions, data from LSEG showed.

The S&P 500 closed at a record for a second day on Wednesday, while Japan's Nikkei 225, South Korea's Kospi and Singapore's Straits Times Index have hit all-time highs this week.

The rally underscores how sentiment has flipped from earlier this year when fears of sticky inflation, geopolitical risks and U.S. tariffs threatened to derail growth, experts said.

"Markets have been a bit more resilient than what

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