Inflation, tech plunge and ‘crypto winter’: global stock markets in 2022

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Shares tumble and government bonds hammered by central banks’ interest rate rises

Apple fell 27%, Amazon’s share price halved, while Facebook owner Meta fell 65% as investors balked at Mark Zuckerberg’s $100bn push into the metaverse.Tesla’s shares had a rough end to the year, losing almost 40% in December, hit by fears of slowing demand and concerns that chief executive Elon Musk was being distracted by his purchase of Twitter.

By the end of September 2022 had been the most devastating period for bonds since at least 1926, according toInvestors with classic “60/40” portfolios were facing the worst returns this year for a century, BofA Global Research warned in October.

 

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