Well, it depends really: companies whose operations are mostly outside the US whilst being listed in USD in US stockmarkets will see their stockprice go up in dollars is there’s a run on the dollar, not because their value went up but because each dollar is worth less.
So such stocks will actually hold a lot more of their value than it would if that money was held directly in dollars.
PS: I actually have a “funny” Brexit story around this - back when the Leave Referendum won Brexiters (the British MAGA, and as equally well informed as the American version) were celebrating how the UK stockmarket indices went up in value with the Leave Referendum result of Leave. However those indices were only up in pounds and down if quoted in any other currency than the British Pound, because what had happened was that the pound tanked about 20% following the Referendum result so naturaly values for companies with extensive international operations translated to more money in british pounds.
Well, it depends really: companies whose operations are mostly outside the US whilst being listed in USD in US stockmarkets will see their stockprice go up in dollars is there’s a run on the dollar, not because their value went up but because each dollar is worth less.
So such stocks will actually hold a lot more of their value than it would if that money was held directly in dollars.
PS: I actually have a “funny” Brexit story around this - back when the Leave Referendum won Brexiters (the British MAGA, and as equally well informed as the American version) were celebrating how the UK stockmarket indices went up in value with the Leave Referendum result of Leave. However those indices were only up in pounds and down if quoted in any other currency than the British Pound, because what had happened was that the pound tanked about 20% following the Referendum result so naturaly values for companies with extensive international operations translated to more money in british pounds.