Most of the developed stock markets ended January higher, with buying interest returning to new economy shares.
Denmark topped the list of 22 developed markets with an 11.7 percent gain in dollar terms, followed by New Zealand with a 9.6 percent rise, according to Morgan Stanley Capital International.
The United States rebounded, snapping a four-month back-to-back decline.
Japanese stocks remained in a deep slump, however, with the Japan Index down for the fifth straight month.
On a sector basis, the Information Technology Index topped the list with a 13 percent gain after losing 8.4 percent in December, followed by the Telecommunication Services Index with a 9.2 percent rise.