Determinants of G7 and Chinese Stock Market Returns during COVID-19 Outbreak

The purpose of this paper is to discuss the determinants of G7, and Chinese stock market returns during the COVID-19 outbreak. We find that Bitcoin and Ethereum can generate benefits from portfolio diversification and hedging strategies for G7 financial investors in early 2020. Our result reveals th...

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Bibliographic Details
Published in:Business Excellence and Management 2020-10, Vol.10 (S.I. 1), p.256-266
Main Authors: Jeribi, Ahmed, Fakhfekh, Mohamed
Format: Article
Language:English
Subjects:
covid-19 cases and deaths
digital assets
Economy
Financial Markets
g7 stock markets
gold
wti
Online Access:Get full text
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Summary:The purpose of this paper is to discuss the determinants of G7, and Chinese stock market returns during the COVID-19 outbreak. We find that Bitcoin and Ethereum can generate benefits from portfolio diversification and hedging strategies for G7 financial investors in early 2020. Our result reveals that Gold is neither hedge nor haven during the COVID-19 pandemic. In addition, the results indicated that the expected volatility of the US stock market has no effect on the Japanese and Chinese financial markets. Finally, our results suggest that the growth rate of confirmed COVID-19 cases and deaths has an impact only on the US stock market.
ISSN:2248-1354
2668-9219