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Review of top five financial markets during the pandemic times

Author

Listed:
  • Tahir Mumtaz Awan

    (Department of Management Sciences, COMSATS University Islamabad, Park Road, Tarlai Kalan, Islamabad, Pakistan)

  • Jamal Maqsood

    (Department of Management Sciences, COMSATS University Islamabad, Park Road, Tarlai Kalan, Islamabad, Pakistan)

Abstract

The purpose of this paper is to jot down the devastating impacts of COVID-19 towards the top five financial markets of the world and to see how they reacted back in different phases of COVID-19 from start till July 2020. The review is based on the financial market news, blogs, the governmental, and other financial bodies’ websites. The effects of the pandemic are like the damage never seen before in a much shorter time, vanishing a quarter portion of wealth in about a month and creating continuous uncertainties for investors throughout. China despite being the virus origin still performed well and better among all top markets whereas the rest all the stock exchanges remained inconsistent. This paper is the first of its kind to review the COVID-19 effects on the top five global stock markets and the governmental responses towards them. The study along with contributing to the existing literature is also assisting investors, analysts, specialists, and authorities to analyze their opinions with respect to stock markets performances, government responses, and their future market-related decisions.

Suggested Citation

  • Tahir Mumtaz Awan & Jamal Maqsood, 2021. "Review of top five financial markets during the pandemic times," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 1-18, December.
    • Handle: RePEc:wsi:ijfexx:v:08:y:2021:i:04:n:s2424786321310010
    DOI: 10.1142/S2424786321310010
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