Determinants of G7 and Chinese Stock Market Returns during COVID-19 Outbreak
Determinants of G7 and Chinese Stock Market Returns during COVID-19 Outbreak
Author(s): Ahmed Jeribi, Mohamed FakhfekhSubject(s): Economy, Financial Markets
Published by: Facultatea de Management, Academia de Studii Economice din Bucuresti
Keywords: COVID-19 cases and deaths; Digital assets; Gold; G7 Stock Markets; WTI;
Summary/Abstract: The purpose of this paper is to discuss the determinants of G7, and Chinese stock market returns during the COVID-19 outbreak. We find that Bitcoin and Ethereum can generate benefits from portfolio diversification and hedging strategies for G7 financial investors in early 2020. Our result reveals that Gold is neither hedge nor haven during the COVID-19 pandemic. In addition, the results indicated that the expected volatility of the US stock market has no effect on the Japanese and Chinese financial markets. Finally, our results suggest that the growth rate of confirmed COVID-19 cases and deaths has an impact only on the US stock market.
Journal: Business Excellence and Management
- Issue Year: 10/2020
- Issue No: S.I. 1
- Page Range: 256-266
- Page Count: 11
- Language: English
