Core Insights - All nine global indexes tracked have shown gains through November 3, 2025, with Hong Kong's Hang Seng leading at a year-to-date gain of 33.3% [2] - Japan's Nikkei 225 follows with a gain of 31.4%, while China's Shanghai index has increased by 21.9% [2] - India's BSE SENSEX has the smallest year-to-date gain at 5.1% [2] Index Performance - The performance of the indexes is compared to their historical peaks, providing context on their current values and distance from all-time highs [3] - A chart illustrates the comparative performance of world markets since March 9, 2009, highlighting the relative performance of various indexes [5] - Another visualization starts from October 9, 2007, to show the relative performance during a previous market peak [6] Market Trends - The analysis includes a focus on the impact of recent recessions on world indexes, starting from the official NBER recession date of February 3, 2020 [4] - The data visualizations utilize a log-scale vertical axis for better comparison of performance across different indexes [5][6]

Core Insights - All nine global indexes tracked have shown gains through October 27, 2025, with Hong Kong's Hang Seng leading at a year-to-date gain of 34.7% [2] - Japan's Nikkei 225 follows with a 26.6% gain, while Canada's TSX has increased by 22.5% [2] - India's BSE SENSEX has the smallest year-to-date gain at 6.1% [2] Index Performance Context - A table is provided that compares each index's current value to its all-time peak, including the date of that peak and the distance from that record level [3] - Historical performance is illustrated, showing the comparative performance of world markets since March 9, 2009, with various indexes indexed to 800 on that date [5] - Additional charts provide insights starting from October 9, 2007, and the turn of the century, allowing for a longer view of relative performance [6] Index Tracking Methodology - The DAXK is tracked as a price-only index for consistency with other indexes that do not include dividends [8]

Core Insights - All nine global indexes tracked have shown gains through October 13, 2025, with Hong Kong's Hang Seng leading at a year-to-date gain of 31.9% [2] - Japan's Nikkei 225 follows with a gain of 20.5%, while Canada's TSX has a gain of 19.9%. Conversely, India's BSE SENSEX has the smallest gain at 3.0% [2] Index Performance Context - A table is provided that compares each index's current value to its all-time peak, including the date of that peak and the distance from that record level [3] - The performance of world markets is illustrated since March 9, 2009, with various indexes indexed to 800 on that date for comparative analysis [5] - A longer-term view starting from October 9, 2007, is also presented, showing the relative performance of the indexes during a significant market peak period [6] Additional Information - The DAXK is tracked as a price-only index for consistency with other indexes that do not include dividends [8]