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COVID-19, Mobility, and Stock Markets Performance - Evidence From ASEAN-5

Author

Listed:
  • Hassanudin Mohd Thas Thaker

    (Faculty of Business and Management, UCSI University, Malaysia)

Abstract

Time-series and time frequency domain analyses were used to examine the impact of mobility in ASEAN-5 stock markets. Using daily data, most markets (except for two) were found to have a long-run association with mobility. We found no Granger causality in the short run, except for two markets. The frequency domain analysis revealed strong co-movement between mobility and stock markets performance, as the impact of mobility can be seen over the longer period with the emergence of different COVID-19 variants. These findings offer further understanding on the impact of mobility-based causes on designing better investment strategies and policies.

Suggested Citation

  • Hassanudin Mohd Thas Thaker, 2023. "COVID-19, Mobility, and Stock Markets Performance - Evidence From ASEAN-5," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(4), pages 1-6.
    • Handle: RePEc:ayb:jrnael:80
    DOI: 2023/03/09
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    References listed on IDEAS

    as
    1. Tantaopas, Parkpoom & Padungsaksawasdi, Chaiyuth & Treepongkaruna, Sirimon, 2016. "Attention effect via internet search intensity in Asia-Pacific stock markets," Pacific-Basin Finance Journal, Elsevier, vol. 38(C), pages 107-124.
    2. Musaed S. AlAli, 2020. "Risk Velocity and Financial Markets Performance: Measuring the Early Effect of COVID-19 Pandemic on Major Stock Markets Performance," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 6(4), pages 76-81, 04-2020.
    3. Sifat, Imtiaz Mohammad & Thaker, Hassanudin Mohd Thas, 2020. "Predictive power of web search behavior in five ASEAN stock markets," Research in International Business and Finance, Elsevier, vol. 52(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    COVID-19; Mobility; Stock markets; Co-movement; ASEAN;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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