The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
This paper examines the impacts of U.S.-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of "trade war" escalation translated into 50 to 6...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/172861574792085715/The-Financial-Costs-of-the-U-S-China-Trade-Tensions-Evidence-from-East-Asian-Stock-Markets http://hdl.handle.net/10986/33010 |
| Summary: | This paper examines the impacts of
U.S.-China trade tensions via the lens of East Asian stock
markets. Studying 10 indices of the main East Asian stock
markets, it finds that announcements of "trade
war" escalation translated into 50 to 60 percent of the
total declines in two major Chinese stock markets over the
first eight months of 2018. In other words, in the absence
of the "trade war" Asian stocks would have
experienced half the decline, or they would have registered gains. |
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