The financial costs of the United States-China trade tensions: evidence from East Asian stock markets

Francesca de Nicola, Martin Kessler and Ha Nguyen
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Ha Nguyen: World Bank
Authors registered in the RePEc Author Service: Ha Nguyen and Nguyen Phu Ha ()

Review of World Economics (Weltwirtschaftliches Archiv), 2020, vol. 156, issue 4, No 3, 803-833

Abstract: Abstract This paper examines the impacts of United States-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of “trade war” escalation translated into 50 to 60 percent of the total declines in two major Chinese stock markets over the first eight months of 2018. In other words, in the absence of the “trade war” Asian stocks would have experienced half the decline, or they would have registered gains.

Keywords: Stock returns; Event study; Trade policy; China (search for similar items in EconPapers)
JEL-codes: F1 G1 O2 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s10290-020-00381-3

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