COVID-19 and stock market nexus: evidence from Shanghai Stock Exchange

Li, Chuanjian; Su, Chi‐Wei; Altuntaş, Mehmet; Li, Xin

doi:10.1080/1331677x.2021.1941181

Cited by 27 publications

(16 citation statements)

References 30 publications

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“…(Khan et al, 2020). Several previous studies identified the impact of rising Covid-19 cases on the stock market in several countries when the Covid-19 pandemic was taking place, such as the results of research by Priyono (2022), Kamaludin et al (2021), Li et al (2021), and Udeaja and Isah (2021). These studies found a negative effect on the increase in Covid-19 cases on stock indices because it impacted the performance of the companies being invested.…”

Section: Effect Of the Covid-19 Pandemic On Stock Indicesmentioning

confidence: 96%

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Winny

Yulfiswandi

2022

JMSAB

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This study examines how macroeconomic indicators and Covid-19 cases can affect the movement of the LQ45 index. The Covid-19 case was also studied as a moderator between the relationship between macroeconomic indicators and the LQ45 index to determine whether the Covid-19 case needed to be a crucial consideration when investing in stocks using macroeconomic indicator analysis techniques. This study was tested using multiple regression analysis methods. The results of the analysis found that the factors that were found to significantly affect the LQ45 index were the exchange rate which impacted the LQ45 index significantly negatively, the price of Brent oil, which involved the LQ45 index significantly negatively, the DJIA index, which positively affected the LQ45 index, and the case of Covid-19 which affects the LQ45 index significantly negatively. This study found two macroeconomic variables that had no significant effect on the LQ45 index: the inflation rate and real interest rates. Furthermore, the results has found a negative effect of the Covid-19 pandemic on the LQ45 index, so it is hoped that the government and investors can consider this research indicator as a consideration in making economic and investment decisions.

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Section: Effect Of the Covid-19 Pandemic On Stock Indicesmentioning

confidence: 96%

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Winny

Yulfiswandi

2022

JMSAB

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“…To fill this lacuna, we explore the nexus between financial structure and health outcomes in China (31). In this study, financial structure is measured by two proxy measures: stock market capitalization and stock market turnover (32). Health outcome is measured by infant mortality rate and life expectancy.…”

Section: Introductionmentioning

confidence: 99%

Re-Examining the Financial Structure and Health Nexus in Asian Economies

Tao

Mahmood

et al. 2022

Front. Public Health

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The study's main purpose is to estimate the impact of the financial structure of Asian economies on the healthcare sector from 2000 to 2019. For empirical estimation, we relied on two-stage least square (2SLS) and generalized method of moment (GMM) estimation techniques. Two different proxies, infant mortality and life expectancy, were used in the analysis to represent the health status of the people. The findings of both 2SLS and GMM models confirm that improved financial structure causes life expectancy to rise and infant mortality to fall. Moreover, the increased usage of the internet also exerts a positive impact on the health status of Asians. Further, the rise in gross domestic product (GDP) and health expenditures also improve the health status of Asians by increasing their life expectancy and reducing their infant mortality rate. Improvement in financial structure causes the health status of the people to rise. Therefore, to achieve superior health status, the development of financial structure should be part and parcel of health policies and strategies in Asian economies.

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“…The great depression was endogenous in nature due to the bad decisions of stakeholders. Whereas, COVID-19 is exogenous in nature as it has affected the real economies and stock indexes (Li, Su, Altuntaş, & Li, 2021).…”

Section: Introductionmentioning

confidence: 99%

COVID-19 Entwined the Dynamic Relationship between Stock Returns and Macroeconomic Variables

Malik

Butt

Aziz

2022

IMBR

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This study examines the dynamic relationship between macroeconomic variables and stock prices in Pakistan in the COVID-19 pandemic scenario. For this purpose, monthly data has been taken from Jan 2019 to June 2021 and divided into Pre-COVID, COVID and overall periods. Data have been retrieved from various sources including Statistical Reviews & Bulletins of State Bank of Pakistan, Karachi Stock Exchange and Pakistan Economic Survey. To assess the relationship between economic variables and stock prices, Cointegration, Granger-causality and Impulse Repose Function Tests have been applied on three data series. The results of the study reveal that there is a long-term equilibrium relationship between all economic variables and stock prices in the Pre-COVID period. However, most of the economic variables do not have such a relationship during the COVID period and the pattern of the relationship is almost the same in the overall period. Even the short-run dynamic relationship between economic variables and stock returns is affected by the pandemic. The results show that economic variables affect stock returns differently in the COVID situation than in the Pre-COVID scenario and it also affects the short-run relationship in the overall period. This research study provides imminent findings on the linkage between macroeconomic variables and stock prices in the Pakistani context. It helps investors and regulators in customizing their decisions and macroeconomic regulations respectively to improve the financial and economic stability of the country in the wake of the pandemic.

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COVID-19 and stock market nexus: evidence from Shanghai Stock Exchange

Cited by 27 publications

References 30 publications

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Re-Examining the Financial Structure and Health Nexus in Asian Economies

COVID-19 Entwined the Dynamic Relationship between Stock Returns and Macroeconomic Variables

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