Munich Personal RePEc Archive

Assessing the Impact of covid-19 Shock on major Asian stock markets

Onour, Ibrahim (2020): Assessing the Impact of covid-19 Shock on major Asian stock markets.

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This paper aims to evaluate the spillover effect of covid-19 shock on major global stock markets, including Shanghai, Hong Kong, Japan’s Nikkei, Korea, and Nasdaq stock markets, using daily data of stock prices during covid-19 pandemic period. Our findings indicate , while shocks on some of these markets have long term impact but they are of short term effect on other markets in the group. Impulse response function analysis indicate, the pandemic shock on Japan and Shanghai stock markets caused persistent effects on Hong Kong stock market, but the shock on Nasdaq stock market caused transitory short-term effect on Hong Kong stock market. The pandemic shock on Hong Kong, Japan, and Nasdaq stock markets caused persistent impact on Korea stock market, but no persistent effects evidenced on Shanghai and Nasdaq stock markets from transmission of shocks on the other markets in the group.

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