Bank of America analysts said it may be six months before global stock markets regain losses from their recent dive.
The unwinding of the yen carry trade, where investors borrow yen at low interest rates to invest in other markets with higher rates, and weaker-than-expected jobs numbers in the U.S. prompted a 6.4% pullback over three days in the MSCI AC World Index, which tracks thousands of stocks across developed and emerging market economies.
