NEXUS AMONG COMMODITY MARKETS AND STOCK MARKETS IN ASIAN COUNTRIES BEFORE & DURING COVID

Fiaz Sulehri and Noor Fatima
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Noor Fatima: Lahore School of Accountancy and Finance, University of Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2022, vol. 11, issue 4, 1-14

Abstract: The purpose of this study is to examine the impact of the CM on the SM during & before Covid. Data for the APO region was used from 2017 to 2021. ADF's unit-roots test shows the stationarity of SRs. In both cases, all series are stationary & significant at 1%. Additionally, all regression models with predictor variables fit the data better than models without predictor variables, as shown by the F-test p-values below the significance level (5%). Since CMs performed better than SM during the covid period, investors should invest in them rather than SM. Second, inflation can raise commodity prices, undermining the value of stocks & bonds. Even though commodities have performed well during high inflation, investors should be aware that they can be volatile. Furthermore, this study has implications for policymakers as wel, since they can use the relationship between SRs & CMs to determine whether one market's price shock will affect others, & thus formulate regulatory policies accordingly.

Keywords: COVID; stock markets; commodity markets; uncertainty (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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