Table 10.

Daily cumulative average abnormal return across all indices.

Event Window	Coef.	Se	t-Test	p-Value
0	−0.0002348	0.00129068	−0.18192307	0.8556431
1	−0.00809842 *	0.00315944	−2.5632496	0.01036975
2	−0.00715138 *	0.00294243	−2.430432	0.01508084
3	−0.0130106 **	0.00357785	−3.6364307	0.00027644
4	−0.01848152 *	0.00748873	−2.4679127	0.01359035
5	−0.02472998 **	0.00691317	−3.5772281	0.00034726
6	−0.02543742 **	0.00684348	−3.7170292	0.00020158
7	−0.02182337 **	0.00630466	−3.4614666	0.00053724
8	−0.02577939 ***	0.00598241	−4.3091966	0.00001638
9	−0.02698855 ***	0.00547445	−4.9299134	0.0000008227
10	−0.02791188 ***	0.00580662	−4.8069029	0.000001533
11	−0.02256519 ***	0.0048827	−4.6214559	0.000003811
12	−0.02026957 ***	0.00519989	−3.8980742	0.00009696
13	−0.02003991 **	0.00548889	−3.650998	0.00026122
14	−0.01792733 **	0.00549579	−3.2620101	0.00110625
15	−0.01904359 **	0.00555927	−3.4255525	0.00061355
16	−0.0182333 **	0.00542373	−3.3617668	0.00077445
17	−0.01529506 *	0.00579366	−2.639966	0.00829143
18	−0.01578378 *	0.00646971	−2.4396415	0.01470184
19	−0.01696656 *	0.00732636	−2.3158232	0.02056792
20	−0.01744843	0.00840386	−2.0762396	0.0378718
21	−0.01903315 *	0.00811395	−2.3457313	0.01898979
22	−0.01782969	0.00924501	−1.9285741	0.05378375
23	−0.02108545 *	0.00778318	−2.709105	0.0067465
24	−0.02158735 *	0.00857419	−2.5177137	0.01181193
25	−0.02095435 *	0.00828558	−2.5290149	0.01143832
26	−0.02219828 *	0.00991002	−2.2399834	0.025092
27	−0.01965741	0.01209225	−1.6256206	0.10403039
28	−0.03025933	0.01530937	−1.9765242	0.04809544
29	−0.03593303 *	0.01453605	−2.4719938	0.01343618
30	−0.04155065 **	0.01311263	−3.1687507	0.00153096
31	−0.03815619 *	0.01552319	−2.4580131	0.01397081
32	−0.04317276 *	0.01727333	−2.4993887	0.01244078
33	−0.0527609 *	0.02012455	−2.6217179	0.00874878
34	–0.0706297 **	0.02192245	–3.2217983	0.00127389

Notes: * Significant at the 5% level. ** Significant at the 1% level. *** Significant at the 0.1% level.