On the onset of the year 2020, the unprecedented outbreak of novel coronavirus, initially as a human health epidemic and later as a global pandemic, has wobbled the economies of affected countries across the globe. The consequential unexpected occurrences of supply- and demand-side shocks forced the economies to trim down their growth prospects. The interplay of these shocks has generated spirals of downturns in all major economic sectors, including the financial sector in affected countries. Specifically, the stock markets immediately nosedived, following the outbreak of the global spread of coronavirus disease 2019 (COVID-19). Thus, we examine the behaviour of the selected Asian stock markets amid the huge uncertainties of the corona pandemic and find the occurrences of volatility clustering in these markets. Such volatility clustering primarily occurred, owing to the pessimistic and panic sentiments of investors, and the increase in the number of COVID-19 confirmed cases, changes in oil prices, and exchange rates were found to be significant in channelizing the fears and uncertainties of coronavirus pandemic to cause unexpected nosedives in Asian stock markets.

2020年爆发之初，新型冠状病毒的空前爆发（最初是人类健康的流行病，后来又是全球大流行的病）使全球受灾国家的经济动荡不安。供需侧冲击的意外后果因此迫使经济体缩减其增长前景。这些冲击的相互作用导致所有主要经济部门，包括受影响国家的金融部门，都出现了经济下滑的螺旋式上升。具体而言，在2019年冠状病毒病（COVID-19）在全球蔓延之后，股市立即暴跌。因此，我们在电晕大流行的巨大不确定性中研究了选定的亚洲股票市场的行为，并发现了这些市场中波动性聚集的发生。