scholarly journals If worst comes to worst: Co-movement of global stock markets in the US-China trade war

2020 ◽  
Vol 9 (1) ◽  
pp. 21 ◽  
Author(s):  
Toan Luu Duc Huynh ◽  
Tobias Burggraf
Keyword(s):  
Stock Markets ◽  
Heavy Tails ◽  
China Trade ◽  
Movement Characteristics ◽  
The Us ◽  
Trade War ◽  
Global Stock Markets ◽  
Dependency Structures ◽  
European Equity ◽  
Global Stock

This paper investigates the co-movement characteristics of global stock markets in the context of the US-China trade war. By applying a set of different trivariate Copulas, our results suggest that markets co-move symmetrically in the pre-trade war period, but exhibit negative downside movements and heavy tails during the trade war. Furthermore, we find evidence for left-tail dependency structures during that period. Most importantly, this study finds that the trade war poses a systematic risk on global markets, which potentially can trigger simultaneous market downside trends. Our results are robust across different European equity market indices.

scholarly journals Perbandingan Reaksi Pasar di AS, China dan Indonesia terhadap Perundingan Perang Dagang AS-China

2020 ◽  
Vol 30 (9) ◽  
pp. 2270
Author(s):  
Giovaninho Ferreira Da Costa ◽  
I Made Sukartha
Keyword(s):  
Stock Markets ◽  
Abnormal Return ◽  
Market Reaction ◽  
Total Sample ◽  
Cumulative Abnormal Return ◽  
Event Window ◽  
China Trade ◽  
Stock Indices ◽  
The Us ◽  
Trade War

This study aims to examine the market reaction in the American, Chinese, and Indonesian stock markets about the announcement of the results of the US-China trade war negotiations. The events of the trade war negotiations took place on 10-11 October 2019. This research used the event study method and the purposive sampling method. The population in this study consisted of Dow 30, SSE 50 and LQ45 stock indices with a total sample of 123 companies. The study used Cumulative Abnormal Return (CAR) as a variable which was data from the Dow 30, SSE 50, and LQ45 stock indices during the event window. Based on the results of the analysis, it was found that there was a market reaction on the American, Chinese, and Indonesian stock markets on the announcement of the results of the US-China trade war negotiations. So there is information content for the event. The results also showed that there were differences in reactions between the American, Chinese, and Indonesian stock markets on the announcement of the results of the US-China trade war negotiations. Keywords: Market Reaction; Cumulative Abnormal Return; Trade War Negotiations.

scholarly journals Analysis of the effect of coronavirus (covid-19) on the development of the world economic system

2020 ◽  
Vol 3 (11) ◽  
pp. 143-156
Author(s):  
N.M. Makhmudov ◽  
Alimova Guzal Alisherovna ◽  
A.A. Kazakov
Keyword(s):  
Economic System ◽  
Stock Markets ◽  
The World Bank ◽  
The Us ◽  
The World ◽  
World Economic ◽  
Global Stock Markets ◽  
National Economies ◽  
The Impact ◽  
Global Stock

The article provides a comprehensive analysis of the impact of the coronavirus COVID-19 on the global economic system. In particular, the authors analyze the onset of a pandemic and the characteristics of the new coronavirus. The conclusions about the unpreparedness of the world community for global threats caused by the outbreak of the disease are supported by the World Bank's arguments about the unpreparedness of countries for catastrophic epidemics. The authors combined the main threats identified by the World Bank into a single system. COVID-19 has had a significant impact on global stock markets. With the increase in the number of people infected with coronavirus, the tension among investors also grew. By the end of February this year, a crash occurred in the US stock markets, the authors attribute it to an underestimation of the spread of the virus, and as a result, this led to the breakdown of many trading chains and the lack of certainty and stability. The article also analyzes the impact of coronavirus on the economy of key countries of the world. It also examined the economic mechanisms used by these countries to mitigate the effects of COVID-19 and support the economy. In conclusion, key conclusions were drawn about the impact and consequences of COVID-19 on national economies and the global system.

scholarly journals The Integration of Islamic Stock Markets of OIC Countries in China Stock Market Crisis and US-China Trade War

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Deri Siswara
Keyword(s):  
United States ◽  
Stock Market ◽  
Stock Markets ◽  
The United States ◽  
Distributed Lag ◽  
China Trade ◽  
The Us ◽  
China Stock Market ◽  
Trade War

The purpose of this study is to analyze the integration and response of the Islamic stock market of the OIC countries before the crisis and during the China stock market crisis also during the United States-China trade war with the Autoregressive Distributed Lag (ARDL) method. The results showed that there was no cointegration in the period before the China stock market crisis. However, during the period of the China stock market crisis and the United States-China trade war, the cointegration was more common. The Islamic stock market of Qatar, Saudi Arabia and the UAE experienced a domino effect from fluctuations in crude oil prices. Then, the Indonesia Islamic stock market in the two crisis periods had a long-term relationship with the US and China stock markets. Whereas the Malaysian and Bangladesh Islamic stock markets have only a long-term relationship with the US stock market. In terms of the benefits of portfolio diversification for investors, there is relevance of dominant economic, geographical, and trade relations in influencing the integration of the Islamic stock market.

Winter Is Coming: Repercussions of a New COVID-19 Wave in Global Stock Markets

2020 ◽  
Author(s):  
Panagiotis Lazaris ◽  
Anastasios Petropoulos ◽  
Vasileios Siakoulis ◽  
Evangelos Stavroulakis ◽  
Nikos Vlachogiannakis ◽  
...  
Keyword(s):  
Stock Markets ◽  
Global Stock Markets ◽  
Global Stock
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