The Impact of World Market on Ho Chi Minh City Stock Exchange in Context of Covid-19 Pandemic
Nguyen Hoang Tien, Rewel Jiminez Santural Jose, Syed Ehsan Ullah · Turkish Journal of Computer and Mathematics Education (TURCOMAT) · 2021
The study aims to measure the impact of 4 market factors and Covid-19 including:S&P500 index, oil price, gold price and total number of infections on VN Index of Vietnamstock market (STC) in the period. Covid-19 pandemic period from January 2020 to June 2021using ARDL model. Research results show that in the long-term S&P500, oil and gold priceshave an impact on VN Index. Besides, the VN Index has a positive relationship with the S&P500index, oil price, and inversely with the gold price. The total number of infections does not affectthe VN Index because the stoppage condition is not met