Coronavirus

2019-20 coronavirus outbreak

Volatility (finance)

Financial market

Betacoronavirus

Computer security

Virology

China

Archaeology

Economics

Computer science

Development economics

Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)

Outbreak

Business

Coronavirus disease 2019 (COVID-19)

SAFER

Emerging markets

Geography

Quarter (Canadian coin)

Infectious disease (medical specialty)

Internal medicine

Financial economics

Medicine

Finance

Pandemic

Disease

Pathology

Journal of Behavioral and Experimental Finance

The novel Coronavirus disease (COVID-19) has quickly evolved from a provincial health scare to a global meltdown. While it has brought nearly half the world to a standstill it has affected the financial markets in unseen ways by eroding a quarter of wealth in nearly a month. This paper investigates the reaction of financial markets globally in terms of their decline and volatility as Coronavirus epicentre moved from China to Europe and then to the US. Findings suggest that the earlier epicentre China has stabilized while the global markets have gone into a freefall especially in the later phase of the spread. Even the relatively safer commodities have suffered as the pandemic moves into the US.

Coronavirus (COVID-19) — An epidemic or pandemic for financial markets