Global stocks and bonds have this month suffered their biggest combined sell-off since 2022 as the energy shock unleashed by the Iran war leaves investors “nowhere to hide”.
The MSCI All Country World index, which tracks stocks across developed and emerging markets, has fallen around 9 per cent in March as the outbreak of war in the Middle East and de facto closure of the crucial Strait of Hormuz has caused a surge in energy prices.
At the same time, a broad gauge of global government and corporate bonds has lost more than 3 per cent, as investors bet that central banks will need to raise borrowing costs to contain the inflationary fallout.
您已阅读16%（646字），剩余84%（3407字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。