Impact of Covid-19 cases on Global Stock Market

Authors

  • FIONA SHEENU FRANCIS
  • DR. V. AMBILI KUMAR

Keywords:

Covid-19 Cases, Global Stock Market, Financial volatility

Abstract

The current research tries to analyze the impact of the Covid-19 event and related deaths on the GLOBAL equity market (Dow Jones and the S&P500 indices), which compensate for trading volume and predictions of volatility, as well as the results on the weekday. Based on the GARCH(1) model and data from 8 April 2019 to 9 April 2020, the findings indicate that most affected countries with covid-19 crisis did not affect the stock market income. Nonetheless, the conditional heteroscedasticity of the Dow Jones and S&P500 returns in certain countries is having a positive effect. VAR models say that in Italy and France the number of deaths registered has a positive effect on the VIX returns. Finally, Markov-Stitching models show that the scale of VIX's negative effect on stock market prices increased threefold by the end of February 2020.

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References

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Published

2021-06-30

How to Cite

FRANCIS, F. S. ., & KUMAR, D. V. A. . (2021). Impact of Covid-19 cases on Global Stock Market. The Journal of Contemporary Issues in Business and Government, 27(3), 898–917. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/1682

Issue

Vol. 27 No. 3 (2021): The journal of contemporary issues in business and government

Section

Articles

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