IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-93725-6_8.html
   My bibliography  Save this book chapter

Co-movement of the Shanghai Stock Exchange and COVID-19 in China: Evidence from Wavelet Coherence

In: New Dynamics in Banking and Finance

Author

Listed:
  • Hasan Güngör

    (Eastern Mediterranean University)

  • Derviş Kirikkaleli

    (European University of Lefke)

Abstract

This paper investigates the time-frequency dependency of the Shanghai Stock Exchange Composite Index (SSECI) and COVID-19 cases and deaths in China and around the world using the wavelet coherence approach. The findings indicate the following: (i) both domestic and global COVID-19 cases and death tolls have strong power for explaining the stock market index, and as expected, the effect of both domestic and global COVID-19 cases and death tolls on the stock market index is negative; (ii) we also captured a significant movement in the stock market index and the number of COVID-19 cases at different periods and different frequencies; the correlation between COVID-19 cases in China and the SSECI is stronger than the correlation between global COVID-19 cases and the SSECI.

Suggested Citation

  • Hasan Güngör & Derviş Kirikkaleli, 2022. "Co-movement of the Shanghai Stock Exchange and COVID-19 in China: Evidence from Wavelet Coherence," Springer Proceedings in Business and Economics, in: Nesrin Özataç & Korhan K. Gökmenoğlu & Bezhan Rustamov (ed.), New Dynamics in Banking and Finance, pages 143-155, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-93725-6_8
    DOI: 10.1007/978-3-030-93725-6_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Stock market; COVID-19; China;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-93725-6_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.