Since the fall of the Soviet Union, investors have enjoyed decades of global economic stability in which military conflicts and foreign diplomacy played a diminished role in the movements of markets.But Russia’s invasion of Ukraine is the most overt sign of a recent change in that dynamic as increased jostling among powerful nations will have sweeping consequences for investors.The largest military conflict in Europe since World War II — combined with simmering tensions between the United States and China — has investors watching shifts in international power dynamics more closely than they have in a long time.“There has been more global geopolitical tension now for the last several years — frictions between China and the rest of the world, China and the U.S. in particular, are not going away,” said Daniel J. Ivascyn, the chief investment officer at PIMCO, a fund manager that oversees $2.2 trillion in assets. “This Russia situation f …
