China’s Stocks, Bonds in Rare Sync as War Drives Haven Demand

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Stocks and bonds in China are moving in lockstep for the first time in two years, a reflection of how Chinese assets benefited as safer bets during the US-Iran war.The 90-day correlation between the equities benchmark CSI 300 Index and the Bloomberg China Treasury Total Return Index has turned positive from March 18, according to Bloomberg-compiled data. Beijing’s efforts to insulate its economy from oil shocks have paid dividends, with Chinese assets holding up better than global peers.