TY - JOUR
T1 - The association of the number of confirmed COVID-19 cases and fatalities with stock market returns: A case of the USA and China
AU - Rehman, Ramiz ur
AU - Ahmad, Muhammad Ishafq
AU - Naseem, Muhammad Akram
AU - Ueng, Joe
PY - 2022/6/21
Y1 - 2022/6/21
N2 - The daily stock indices/returns of the Shanghai Stock Exchange (SSE) and the New York Stock Exchange (NYSE) were examined from January 2, 2020, to April 2, 2020, during the COVID-19 pandemic period. The sample was then split into three event windows. The returns were negative during the post-COVID-19 window for both markets. Interestingly, a positive link was found between NYSE returns and COVID-19 cases and deaths during the peak COVID-19 death window. These findings indicate the buying frenzy of investors in the NYSE in the wake of the increased pandemic level as compared to the SSE.
AB - The daily stock indices/returns of the Shanghai Stock Exchange (SSE) and the New York Stock Exchange (NYSE) were examined from January 2, 2020, to April 2, 2020, during the COVID-19 pandemic period. The sample was then split into three event windows. The returns were negative during the post-COVID-19 window for both markets. Interestingly, a positive link was found between NYSE returns and COVID-19 cases and deaths during the peak COVID-19 death window. These findings indicate the buying frenzy of investors in the NYSE in the wake of the increased pandemic level as compared to the SSE.
UR - http://dx.doi.org/10.22495/cocv19i3art15
U2 - 10.22495/cocv19i3art15
DO - 10.22495/cocv19i3art15
M3 - Article
SN - 1727-9232
VL - 19
SP - 195
EP - 200
JO - Corporate Ownership and Control
JF - Corporate Ownership and Control
IS - 3
ER -