Not exact matches
We saw a
similar situation in 2011, when Europe
was imploding and the U.S. government had its debt rating cut:
stocks plunged dramatically that year, but the DEX Universe Bond Index
was up almost 10 %.
I suppose this might
be similar to a
stock bankruptcy / delisting
situation,
in which the
stock is no longer tradable on an exchange by the expiration date of the option.
Although it
's true that
stock markets worldwide
are increasingly responsive to
similar economic events, the performances of individual markets
in different countries mostly respond to the economic or political
situations in their own countries.
Stock insurers
are not always known for
being as equitable
in their treatment of older life insurance products
in similar situations.
The
situation is similar in the Chinese
stock markets — although,
in theory, investors
are required to pay capital gains tax on their earnings,
in practice many do not, and tax enforcement generally focuses on making sure that exchanges and brokers pay their dues.