Questions and answers about
the UK economy.

What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets

This paper studies global stock market reactions to Covid-19 outbreaks caused by the virus SARS-CoV-2. The stock markets in countries that suffered from 2003 SARS diseases caused by a similar virus (SARS-CoV-1) react more quickly and strongly to the first Covid-19 outbreak in Wuhan China during late January 2020. This pattern lasted for weeks until a number of severe outbreaks outside of China (e.g., South Korea and Italy) began in late February, and the stock markets in countries without SARS experiences started to tumble. We document an important underreaction to Covid-19 in countries without the early experience of similar crises.

Lead investigator:

Hong Ru

Affiliation:

Nanyang Technological University

Primary topic:

Lessons from history

Secondary topic:

Prices & interest rates

Region of data collection:

World

Status of data collection

Complete

Type of data being collected:

From private company

Unit of real-time data collection

Country

Start date

1/2020

Frequency

Daily

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