TOKYO: The world's shares hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
The S&P 500 gained 0.67per cent, with its technology sector rising more than 1per cent. Apple gained 2.1per cent, helped by news that the sales of its iPhones in China in December jumped more than 18per cent year on year. Global shares quickly erased losses that followed missile attacks from Iran targeting U.S. forces in Iraq, as the two countries moved to defuse the tension.
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