U.S. stocks posted exceptional gains in 2017. The strong year for stocks was set to end quietly Friday, as U.S. shares wavered on the final trading day of 2017. That has made it historically expensive compared with other global benchmarks, investors say, attracting inflows into emerging markets this year. India’s Sensex rose 28% on the year, while South Korea’s Kospi has risen 22%, the best point gains for both since 2009. Japan’s Nikkei rose 19% in 2017, the most since 2013, and London’s export-heavy FTSE 100 has climbed 7.8%, set to end the year around a record high.

Source: Wall Street Journal December 29, 2017 01:52 UTC