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The MSCI World Index for developed markets rose 7.24 percent in dollar terms in April in a turnaround from a 6.73 percent fall the previous month.

Information technology shares rebounded strongly, pacing the global stock market rally.

The Information Technology Index, an 11.87 percent loser in March, turned 17.1 percent higher.

The Materials Index came in second with a 10.16 percent rise, followed by the Industrials Index with a 10.01 percent gain.

The USA Index, a 6.46 percent loser in March, turned 7.69 percent higher.

The Japan Index rose 6.77 percent, snapping a losing streak that had lasted seven months.

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