How does Covid-19 affect global equity markets?

Financial Innovation

Table 1 Descriptive statistics of (a) \(\ln \left( {X_{i,t} + 1} \right)\) and (b) \(R_{i,t}\) of the 8 economies

Economy	China	Hong Kong	South Korea	Japan	Italy	Spain	France	Germany
(a)
Mean	2.347	0.432	1.097	0.752	1.077	0.718	0.748	0.731
Standard deviation	1.053	0.358	1.111	0.646	1.434	1.152	1.110	1.067
Median	2.605	0.477	0.540	0.739	0	0	0	0
(b)
Mean	− 0.00190	− 0.00242	− 0.00446	− 0.00373	− 0.00155	− 0.00403	− 0.00447	− 0.00452
Standard deviation	0.00964	0.00737	0.01160	0.00785	0.01126	0.01475	0.01317	0.01253
Median	− 0.00066	− 0.00126	− 0.00128	− 0.00235	0.00208	− 0.00116	− 0.00176	− 0.00072