Template-Type: ReDIF-Article 1.0 
Author-Name: Luis A. Gil-Alana
Author-Name: Gloria Claudio-Quiroga
Author-Email:  alana@unav.es
Author-Workplace-Name: University of Navarra and Universidad Francisco de Vitoria, Spain
Title: The COVID-19 impact on the Asian Stock Markets
Abstract:  In this note, we examine the impact that the COVID-19 crisis may have on the Asian stock markets by examining the statistical properties of three financial markets in Asia: namely, the Korean SE Kospi Index, the Japanese Nikkei 225, and the Chinese Shanghai Shenzhen CSI 300 Index. Using fractional integration methods, the results based on daily data indicate that mean reversion and thus transitory effects of shocks occur in the Nikkei 225 index. However, for the Kospi and Shanghai Shenzhen indices, this hypothesis is rejected, implying that shocks are permanent.
Classification-JEL:  I1,G15,N25
Keywords:  long memory,persistence,asia,stock market,covid-19
Journal:  Asian Economics Letters
Pages: 1-4
Volume: 1
Issue: 2
Year:  2021
DOI:  2021/06/27
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/17656-the-covid-19-impact-on-the-asian-stock-markets.pdf
File-Format:  Application/pdf
Handle: RePEc:ayb:jrnael:11