How Main Stock Exchange Indices React to Covid-19 Pandemic: Daily Evidence from East Asian Countries

Mustafa Kartal, Serpil Kiliç Depren and Özer Depren

Global Economic Review, 2021, vol. 50, issue 1, 54-71

Abstract: This study investigates whether the Covid-19 and the financial indicators affect the main stock exchange indices of East Asian countries. Number of cases and deaths caused by Covid-19, uncertainty, volatility, foreign exchanges, and mobility are examined by using Quantile Regression and comparing the pre-pandemic and the pandemic periods. The results shows that (i) the indicators have a significant negative impact as expected; (ii) the impact of mobility and pandemic indicators has significance in the trend of the indices whereas they differentiate among countries; (iii) the impact of the variables is significantly differentiated from the low level to the high level.

Date: 2021
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DOI: 10.1080/1226508X.2020.1869055

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