{"id":8634,"date":"2020-07-09T09:14:41","date_gmt":"2020-07-09T08:14:41","guid":{"rendered":"http:\/\/www.economicsobservatory.com\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets"},"modified":"2020-07-09T09:14:41","modified_gmt":"2020-07-09T08:14:41","slug":"what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets","status":"publish","type":"ongoing-research","link":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets","title":{"rendered":"What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets"},"content":{"rendered":"

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.<\/p>\n

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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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets\" \/>\n<meta property=\"og:site_name\" content=\"Economics Observatory\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@econobservatory\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets\",\"name\":\"What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets - Economics Observatory\",\"isPartOf\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\"},\"datePublished\":\"2020-07-09T08:14:41+00:00\",\"dateModified\":\"2020-07-09T08:14:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.economicsobservatory.com\/test\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#website\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"name\":\"Economics Observatory\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.economicsobservatory.com\/test\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#organization\",\"name\":\"Economics Observatory\",\"url\":\"https:\/\/www.economicsobservatory.com\/test\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"contentUrl\":\"https:\/\/www.economicsobservatory.com\/wp-content\/uploads\/2021\/06\/Logo-for-Twitter.png\",\"width\":540,\"height\":392,\"caption\":\"Economics Observatory\"},\"image\":{\"@id\":\"https:\/\/www.economicsobservatory.com\/test\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/econobservatory\",\"https:\/\/www.linkedin.com\/company\/economics-observatory\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets - Economics Observatory","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.economicsobservatory.com\/test\/ongoing-research\/what-do-we-learn-from-sars-cov-1-to-sars-cov-2-evidence-from-global-stock-markets","og_locale":"en_GB","og_type":"article","og_title":"What do we learn from SARS-CoV-1 to SARS-CoV-2 evidence from global stock markets - Economics Observatory","og_description":"This paper studies global stock market reactions to Covid-19 outbreaks caused by the virus SARS-CoV-2. 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