Abstract

Since 2020, the world has been passing through a difficult time due to the outbreak of COVID-19 Pandemic. This novel public health emergency has created both demand- and supply-side shocks affecting both real and financial sectors of economies globally. One of the noteworthy immediate consequences of it was sudden nosedive of stock markets across countries in the globe. In this pre-text, this study examined the stock market behaviour in 15 selected Asian markets amid the pandemic. The results infer about the surge in market return volatilities amid the rapid spread of the coronavirus which was primarily triggered through the impaired investors’ sentiments due to the announcement effects. During this period, the stock market performances in selected Asian countries have been observed to be influenced by the reporting of the number of COVID-19 confirmed cases and death cases, stock index returns, market volatility, oil prices, inflation rate, and interest rates.

摘要

自 2020 年以来，由于 COVID-19 大流行的爆发，世界一直在度过艰难的时期。这种新型突发公共卫生事件造成了需求侧和供给侧的冲击，影响了全球经济的实体和金融部门。其显着的直接后果之一是全球各国股市突然暴跌。在这篇文章中，本研究考察了大流行期间 15 个选定的亚洲市场的股票市场行为。结果推断，在冠状病毒迅速传播的情况下，市场回报波动性激增，这主要是由于公告效应导致投资者情绪受损而引发的。在这段时期，