World stocks up 75 pct from March low

World stocks hit a new 12-month high on Tuesday, fuelled by optimsim over corporate earnings and the global recovery after strong results from Apple and Texas Instruments.

By 0701 GMT, the MSCI All-Country World Index was up 0.5 percent at 300.77, its highest level since late September 2008. This took the index up more than 75 percent since hitting a low in March 2009.