{"id":8238,"date":"2023-11-01T07:20:55","date_gmt":"2023-10-31T23:20:55","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=8238"},"modified":"2024-03-20T12:39:21","modified_gmt":"2024-03-20T04:39:21","slug":"effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/","title":{"rendered":"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&#038;P 500 and Bitcoin"},"content":{"rendered":"<p><em>This study aims to investigate the influence of users\u2019 regarding Covid-19 sentiments in social media on the S&amp;P 500 and Bitcoin returns. The social media used in this study is mainly Twitter. The vector autoregression approach was applied to examine trending issues, which involved daily data observation and observed from 17 August 2021 until 17 December 2021. These estimations revealed that past users\u2019 sentiments have significantly influenced the return of the S&amp;P 500 and Bitcoin, as supported by the Granger causality test and variance decomposition. The findings of this study could be helpful for both policymakers and investors in their efforts to develop plans to lessen market volatility, particularly in terms of future unfavourable events. Investors could also use these findings to create profitable investing plans for when the market is turbulent.<\/em><\/p>\n","protected":false},"template":"","tags":[1650,21,1651,1691,1690,1654],"jel-code":[1562,1656,1579,84,85,1657],"article-type":[1329],"class_list":["entry","author-asriwn","post-8238","article","type-article","status-publish","tag-bitcoin","tag-covid-19","tag-return","tag-sp-500","tag-sentiment-analysis","tag-twitter","jel-code-e70","jel-code-e71","jel-code-g11","jel-code-g14","jel-code-g15","jel-code-g41","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&amp;P 500 and Bitcoin | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&amp;P 500 and Bitcoin | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"This study aims to investigate the influence of users\u2019 regarding Covid-19 sentiments in social media on the S&amp;P 500 and Bitcoin returns. The social media used in this study is mainly Twitter. The vector autoregression approach was applied to examine trending issues, which involved daily data observation and observed fromContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T04:39:21+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\\\/\",\"name\":\"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&P 500 and Bitcoin | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2023-10-31T23:20:55+00:00\",\"dateModified\":\"2024-03-20T04:39:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&#038;P 500 and Bitcoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&P 500 and Bitcoin | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&P 500 and Bitcoin | Jurnal Ekonomi Malaysia","og_description":"This study aims to investigate the influence of users\u2019 regarding Covid-19 sentiments in social media on the S&amp;P 500 and Bitcoin returns. The social media used in this study is mainly Twitter. The vector autoregression approach was applied to examine trending issues, which involved daily data observation and observed fromContinue Reading","og_url":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/","og_site_name":"Jurnal Ekonomi Malaysia","article_publisher":"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485","article_modified_time":"2024-03-20T04:39:21+00:00","twitter_card":"summary_large_image","twitter_site":"@EkonomiJurnal","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/","url":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/","name":"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&P 500 and Bitcoin | Jurnal Ekonomi Malaysia","isPartOf":{"@id":"https:\/\/www.ukm.my\/jem\/#website"},"datePublished":"2023-10-31T23:20:55+00:00","dateModified":"2024-03-20T04:39:21+00:00","breadcrumb":{"@id":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ukm.my\/jem\/article\/effect-of-covid-19-sentiment-on-financial-markets-evidence-from-sp-500-and-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ukm.my\/jem\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/www.ukm.my\/jem\/article\/"},{"@type":"ListItem","position":3,"name":"Effect of Covid-19 Sentiment on Financial Markets: Evidence from S&#038;P 500 and Bitcoin"}]},{"@type":"WebSite","@id":"https:\/\/www.ukm.my\/jem\/#website","url":"https:\/\/www.ukm.my\/jem\/","name":"Jurnal Ekonomi Malaysia","description":"Universiti Kebangsaan Malaysia","publisher":{"@id":"https:\/\/www.ukm.my\/jem\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ukm.my\/jem\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ukm.my\/jem\/#organization","name":"Jurnal Ekonomi Malaysia","url":"https:\/\/www.ukm.my\/jem\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ukm.my\/jem\/#\/schema\/logo\/image\/","url":"https:\/\/www.ukm.my\/jem\/wp-content\/uploads\/2021\/05\/cropped-browser-icon-letter-1.png","contentUrl":"https:\/\/www.ukm.my\/jem\/wp-content\/uploads\/2021\/05\/cropped-browser-icon-letter-1.png","width":512,"height":308,"caption":"Jurnal Ekonomi Malaysia"},"image":{"@id":"https:\/\/www.ukm.my\/jem\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485","https:\/\/x.com\/EkonomiJurnal"]}]}},"_links":{"self":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":1,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8238\/revisions"}],"predecessor-version":[{"id":8246,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8238\/revisions\/8246"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/media?parent=8238"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/tags?post=8238"},{"taxonomy":"jel-code","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/jel-code?post=8238"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article-type?post=8238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}