Stock, Bonds Stung by Hawkish Central Banks

A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index, and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, on Sept. 22, 2022. Kim Kyung-Hoon/Reuters

LONDON—World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signaled that the fight to tame inflation was not over yet.

Interest rates went up in the euro area, Britain, Switzerland, Denmark, Norway, Mexico, and Taiwan on Thursday, following a U.S. rate hike a day before, and central bankers vowed to keep raising rates to bring down prices.