GLOBAL ECONOMIC REVIEW, vol.50, no.1, pp.54-71, 2021 (SSCI)
Article / Article
GLOBAL ECONOMIC REVIEW
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Covid-19 pandemic, East Asian countries, main stock exchange indices, quantile regression
Yıldız Technical University Affiliated:
This study investigates whether the Covid-19 and the financial indicators affect the main stock exchange indices of East Asian countries. Number of cases and deaths caused by Covid-19, uncertainty, volatility, foreign exchanges, and mobility are examined by using Quantile Regression and comparing the pre-pandemic and the pandemic periods. The results shows that (i) the indicators have a significant negative impact as expected; (ii) the impact of mobility and pandemic indicators has significance in the trend of the indices whereas they differentiate among countries; (iii) the impact of the variables is significantly differentiated from the low level to the high level.