The comparative study on the initial effect of H1N1 and COVID’19 on the Major Stock Markets

This study examines the correlation and integration between various stock exchanges of India, China, Singapore, the
United States of America and, the United Kingdom. This paper also investigates the causality between the selected
stock exchanges during the pandemic period of H1N1 and COVID-19. The analysis was made by using the daily
stock exchange values. The prior and after four months of data chosen for the study based on the first case of H1N1
and COVID-19 registered in the USA. The correlation, Johansen Co-integration, and Granger Causality test are
applied in this study. Through the various techniques, the strong association between all the selected stock exchanges
are been identified during the pandemic situation of H1N1 and COVID-19. The finding can be used for investment
and proactive decisions during pandemic situation.