Research Article
Do Local and World COVID-19 Media Coverage Drive Stock Markets? Time-Frequency Analysis of BRICS
| ā | Mean | Median | Max. | Min. | Std. Dev. | Skewness | Kurtosis | Obs. |
| Panel A: Equities | Brazil | 4668.05 | 4713.9 | 5661.2 | 2879.57 | 580.57 | -0.74 | 3.22 | 564 | China | 1003.54 | 1034.77 | 1196.05 | 756.8 | 100.25 | -0.72 | 2.48 | 564 | India | 8099.96 | 8310.66 | 11136.44 | 4407.46 | 1842.88 | -0.02 | 1.72 | 564 | Russia | 11697.64 | 11567.19 | 15275.38 | 7202.93 | 1892.41 | 0.06 | 1.86 | 564 | South Africa | 212658.1 | 220245.2 | 260408.4 | 130686.9 | 26635.88 | -0.54 | 2.6 | 564 |
| Panel B: MCI | Brazil | 60.85 | 66.32 | 90.4 | 0 | 20.39 | -1.08 | 3.7 | 564 | China | 61.18 | 62.35 | 90.5 | 0 | 13.91 | -1.32 | 7.42 | 564 | India | 59.29 | 63.02 | 83.9 | 0 | 15.56 | -1.6 | 6.58 | 564 | Russia | 55.2 | 56.34 | 86.89 | 0 | 15.76 | -1.04 | 5.26 | 564 | South Africa | 62.07 | 66.86 | 92.81 | 0 | 20.08 | -1.32 | 4.54 | 564 | World | 65.85 | 69.75 | 82.95 | 0.09 | 13.94 | -2.72 | 11.97 | 564 |
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