Co-Movement of Covid-19, The S&P 500 and Stock Markets in ASEAN: A Wavelet Coherence Analysis

• Main Authors: Lee, Zhun Hoong, Wong, Hock Tsen, Saizal Pinjaman, Kasim Md. Mansur
• Format: Article
• Language: English; English
• Published: Penerbit UPM 2022
• Subjects: HB1-3840 Economic theory. Demography; HG4501-6051 Investment, capital formation, speculation
• Online Access: https://eprints.ums.edu.my/id/eprint/33597/1/Co-Movement%20of%20Covid-19%2C%20The%20S%26P%20500%20and%20Stock%20Markets%20in%20ASEAN_%20A%20Wavelet%20Coherence%20Analysis.pdf; https://eprints.ums.edu.my/id/eprint/33597/2/Co-Movement%20of%20Covid-19%2C%20The%20S%26P%20500%20and%20Stock%20Markets%20in%20ASEAN_%20A%20Wavelet%20Coherence%20Analysis%20_ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/33597/; http://www.ijem.upm.edu.my/vol16no1/8.%20Co-Movement%20of%20Covid-19.pdf

This study examined the co-movement of ASEAN stock markets, COVID-19 cases/deaths, and the United States (US) stock market using wavelet coherence analysis. The findings revealed that the US stock market remained significantly dominant and was more influential to the ASEAN market. Nevertheless, cohe...