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The Effect of WHO COVID-19 Announcement on Asian Stock Markets Returns: An Event Study Analysis

Journal: Journal of Economics and Business (Vol.3, No. 3)

Publication Date:

Authors : ;

Page : 1051-1054

Keywords : COVID-19; Asian Stock Markets; Event Study; Pandemic; Stock Markets Returns.;

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Abstract

This study aims to examine the effect of World Health Organization (WHO) declaring COVID-19 as a global pandemic on the stock market returns of the five largest Asian stock markets using event study analysis. Results obtained from this research shows that the WHO announcement had a significant negative effect on stock markets returns on major Asian stock markets.

Last modified: 2020-08-12 21:36:16