Impact of COVID-19 on Taiwanese stock market

Mei-Chih Wang, Hao-Wen Chang and Tsangyao Chang

The North American Journal of Economics and Finance, 2025, vol. 75, issue PA

Abstract: This study examines the impact of confirmed COVID-19 cases on Taiwan’s stock market returns from January 30, 2020, to April 14, 2023, incorporating factors including interest rates, crude oil prices, and exchange rates. Results show significant short and medium-term cross-quantile dependence between COVID-19 cases and stock returns, weakening the relationship over extended lag periods. The findings highlight the Taiwanese stock market’s sensitivity to daily case increases, with varying correlations over time, especially in lower and medium quantiles, indicating changing dependency structures.

Keywords: COVID-19 Pandemic; Taiwan Stock Market Return; Cross-Quantilogram Approach (search for similar items in EconPapers)
JEL-codes: C32 C58 G15 I18 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:75:y:2025:i:pa:s1062940824002055

DOI: 10.1016/j.najef.2024.102280

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