Do Local and World COVID-19 Media Coverage Drive Stock Markets? Time-Frequency Analysis of BRICS

Table 1

Descriptive statistics.

	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