Table 3.
ARs on key time points and one day after the event
| Index | ARs | |||||
|---|---|---|---|---|---|---|
| Jan 23, 2020 | Jan 24, 2020 | Jan 30, 2020 | Jan 31, 2020 | Feb 10, 2020 | Feb 11, 2020 | |
| GSPC | 0.00182698 | –0.0035753 | –0.00127325 | 0.00248171 | 0.00151769 | –0.00283054 |
| FCHI | –0.00585472 | 0.01328459 | –0.01743466 | 0.00518079 | 0.00647972 | 0.00095219 |
| GDAXI | –0.00895976 | 0.01816997 | –0.01757945 | 0.00219441 | 0.00971607 | 0.00176948 |
| GSPTSE | 0.00152423 | –0.00089399 | –0.00308074 | –0.00130252 | 0.00197435 | –0.00079251 |
| HIS | –0.01464169 | 0.00373373 | –0.02748379 | 0.00193176 | 0.01293338 | 0.00613373 |
| KS11 | –0.00916749 | 0.00127792 | –0.01816218 | –0.0089666 | 0.00996661 | 0.00478795 |
| N225 | –0.01007106 | 0.001808 | –0.01825339 | 0.0124194 | –0.00032667 | 0.00575877 |
| IMOEXME | –0.01123949 | 0.00236308 | –0.00864832 | –0.00515429 | 0.01050892 | 0.00433099 |
| FTSES100 | –0.00776131 | 0.0140265 | –0.01596087 | –0.00054004 | 0.00728035 | –0.00056187 |
| SSEI | –0.027444 | 0.0013128 | –0.00044014 | 0.00393729 | 0.00416968 | 0.00735561 |
| FII | –0.00529052 | 0.02488806 | –0.02832326 | 0.00955246 | 0.00967483 | 0.00129455 |
Source: authors’ calculation; the event date is January 23, 2020; national lockdown announcements were released on January 23, 2020, in Wuhan; January 30, 2020, in Italy; and February 10, 2020, in the United Kingdom