The Impact of World Market on Ho Chi Minh City Stock Exchange in Context of Covid-19 Pandemic

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Nguyen Hoang Tien, Rewel Jiminez Santural Jose, Syed Ehsan Ullah, Huynh Vinh Thang

Abstract

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 Vietnam stock market (STC) in the period. Covid-19 pandemic period from January 2020 to June 2021 using ARDL model. Research results show that in the long-term S&P500, oil and gold prices have an impact on VN Index. Besides, the VN Index has a positive relationship with the S&P500 index, oil price, and inversely with the gold price. The total number of infections does not affect the VN Index because the stoppage condition is not met.

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