News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924221" target="_blank" >RIV/62156489:43110/23:43924221 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.31577/ekoncas.2023.04-05.01" target="_blank" >https://doi.org/10.31577/ekoncas.2023.04-05.01</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.31577/ekoncas.2023.04-05.01" target="_blank" >10.31577/ekoncas.2023.04-05.01</a>

Result language

angličtina

Original language name

News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges

Original language description

This paper examines the impact of news regarding the spread of the corona-virus on stock market returns. We investigate this impact across different geo-graphical regions and behavioral aspects through regression analysis. Specifically, we explore the relationship between stock returns and factors such as investors&apos; attention, the number of new positive COVID-19 cases and deaths, and govern-ment measures implemented during the pandemic. Our findings reveal that news concerning new deaths associated with the virus and attention towards the vaccine significantly affected stock markets in Europe, the United States, and globally. Notably, these effects were observed prior to the approval of the first vaccine. However, our analysis does not confirm these results for the Japanese and Chinese stock markets. As a result, we argue that the Japanese stock market presents an opportunity for diversification during similar shocks. These findings contribute to a deeper understanding of the dynamics between public health crises and financial markets.

Czech name

—

Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50206 - Finance

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomický časopis

ISSN

0013-3035

e-ISSN

0013-3035

Volume of the periodical

71

Issue of the periodical within the volume

4-5

Country of publishing house

SK - SLOVAKIA

Number of pages

19

Pages from-to

281-299

UT code for WoS article

001105470200001

EID of the result in the Scopus database

2-s2.0-85179978072