Volume 15 Issue 3
The spread of the CoVID-19 pandemic has hit economic activities worldwide, while emerging stock markets have been no exception in causing instability in stock market indices. This study attempts to analyze the impact on emerging global stock indices on the announcement of a pandemic by the World Health organization, the daily stock index data from January 2020 to April 2020 has been considered for the study and the 11th March 2020 as the Global announcement of a pandemic by WHo has been considered as an event date. Descriptive statistics and a Pearson correlation are applied for study purpose. The findings show lower negative mean returns and higher standard deviation after the announcement compared to before the announcement. The results of a correlation analysis showed that the Indian stock market indicated a moderate positive relationship with other emerging global indices after the announcement of the pandemic
CoIVD-19, economic activity, emerging stock Markets, Pandemic, WHo
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