AN EMPIRICAL ANALYSIS REGARDING THE BEHAVIOR OF THE ASIAN STOCK MARKETS UNDER THE IMPACT OF TURBULENT EVENTS: A CASE STUDY FOR JAPAN

Abstract

The main aim of this research study is to conduct an empirical analysis regarding the behavior of the Asian stock markets in under the impact of turbulent events based on a case study for Japan. The analyzed period selected for this study covers the sample period from September 2006 until September 2023, including daily observations. Moreover, the sample period also covers the turbulent period of certain extreme events such as the global financial crisis of 2007-2008 and the COVID-19 pandemic. This empirical research study makes an obvious contribution to the existing literature on the long-term behavior of Asian stock markets.

Keywords

• volatility spillovers
• extreme events
• covid-19 pandemic
• stock market dynamics