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...

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Main Authors:	De Nicola, Francesca, Kessler, Martin, Nguyen, Ha
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	STOCK RETURNS EVENT STUDY TRADE POLICY TRADE WARS
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

id	okr-10986-33010
recordtype	oai_dc
spelling	okr-10986-330102022-09-20T00:13:19Z The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets De Nicola, Francesca Kessler, Martin Nguyen, Ha STOCK RETURNS EVENT STUDY TRADE POLICY TRADE WARS 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. 2019-12-13T19:53:45Z 2019-12-13T19:53:45Z 2019-11 Working Paper 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 English Policy Research Working Paper;No. 9068 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia China United States
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	STOCK RETURNS EVENT STUDY TRADE POLICY TRADE WARS
spellingShingle	STOCK RETURNS EVENT STUDY TRADE POLICY TRADE WARS De Nicola, Francesca Kessler, Martin Nguyen, Ha The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
geographic_facet	East Asia and Pacific East Asia China United States
relation	Policy Research Working Paper;No. 9068
description	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.
format	Working Paper
author	De Nicola, Francesca Kessler, Martin Nguyen, Ha
author_facet	De Nicola, Francesca Kessler, Martin Nguyen, Ha
author_sort	De Nicola, Francesca
title	The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
title_short	The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
title_full	The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
title_fullStr	The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
title_full_unstemmed	The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets
title_sort	financial costs of the u.s.-china trade tensions : evidence from east asian stock markets
publisher	World Bank, Washington, DC
publishDate	2019
url	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
_version_	1764477800878702592

The Financial Costs of the U.S.-China Trade Tensions : Evidence from East Asian Stock Markets

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