Stock Market Vulnerability to the COVID-19 Pandemic: Evidence from Emerging Asian Stock Market

  • Ayoub RABHI Sidi Moahmed Ben Abdellah University, Morocco

Abstract

This paper studies empirically the emerging Asian stock market vulnerability to pandemics. Taking the Covid-19 virus as a case study, we used the ARDL panel data approach to investigate the impact of the daily Covid-19 confirmed cases along with a behavioral component based on a triggering fear event related to news about Covid-19 deaths. The results indicate that both the reported daily growth of Covid-19 confirmed cases along with the triggering fear event related to news about death, affected the Asian stock markets performance negatively, other variables such as oil price, gold price, exchange rates, and the US stock market were also found to be determinants of the Asian stock markets during the studied period.

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Published
2020-12-22
How to Cite
RABHI, Ayoub. Stock Market Vulnerability to the COVID-19 Pandemic: Evidence from Emerging Asian Stock Market. Journal of Advanced Studies in Finance, [S.l.], v. 11, n. 2, p. 126-131, dec. 2020. ISSN 2068-8393. Available at: <https://journals.aserspublishing.eu/jasf/article/view/5763>. Date accessed: 23 june 2021. doi: https://doi.org/10.14505//jasf.v11.2(22).06.
Section
Journal of Advanced Studies in Finance