From a little-known manufacturing firm’s 13,000% rally in its US stock-market debut to a flash crash across Nordic stocks, there was no shortage of dramatic moments that consumed equity investors’ focus in 2022.
It was a turbulent period for global stocks amid central banks’ efforts to tamp down rampant inflation, but much of the daily drama that livened up watercooler conversations had little to do with the macroeconomic tides.
The year brought historic single-day swings in market valuations of the biggest technology companies, abrupt shifts in momentum in Chinese stocks and a shocking plunge in a troubled Swiss bank. Retail behemoths crashed on back-to-back trading days, a Chinese electric-vehicle maker tumbled on speculation over a Warren Buffett-sized stake and tax-cut drama roiled UK markets.
