Abstract:
This study examines the hedge and safe haven properties of precious metals during covid -19 for the ten Asian emerging stock markets (Thailand, Singapore, Malaysia, Indonesia, the Philippines, Pakistan, Sri Lanka, Jordan, Oman, and Lebanon) and precious metals indexes. The data used for the study was from the period 01 September 1999 to 03 May 2021. The multivariable generalized autoregressive conditional heteroskedasticity (MGARCH) framework is used in this study to investigate such relationships in return and volatility spill overs using a conditional correlation mechanism. The findings suggest that Covid-19 has varying effects on Asian emerging stock markets in terms of region and cultural context. At last, we all want to make the best investment decisions possible to reduce risk and add value. These considerations aid in the protection of wealth for individual investors, the entire market, the economy, and the financial world, particularly during Covid-19 outbreaks.
