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World shares higher, U.S. stocks rally

News Snapshot:

World shares were mostly higher on Wednesday following a broad rally on Wall Street.Germany’s DAX rose 0.5 per cent to 25,423.64 and the CAC 40 in Paris added 0.5 per cent to 7,880.90. Britain’s FTSE 100 edged 0.1 per cent higher, to 10,743.65.U.S. futures were mixed, with the contract for the S&P 500 up 0.1 per cent, while that for the Dow Jones Industrial Average slipped 0.1 per cent.In Asian trading, the Kospi in Seoul gained 3.3 per cent to 5,735.66.South Korean AI company Elice, whose 32 per cent drop Tuesday in its first day of trading spooked markets, rebounded…

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