Internship Report

on
Analysis of the Effects of Corona Virus
of International Capital Market
Submitted To
Mr.Syed Mizanur Rahman
(Associate professor)
Department of Journalism & Mass Communication
Faculty of Humanities & Social Science
Daffodil International University

Submitted By

Rakib Bhuiyan
ID: 171-11-445
Major in Finance
Department of Business Administration
Faculty of Business & Entrepreneurship
Daffodil International University

Date of Submission: 22-09-2020

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 Letter of Transmittal
September 22, 2020

Mr. Syed Mizanur Rahman

(Associate professor)
Department of Journalism & Mass Communication
Faculty of Humanities & Social Science
Daffodil International University

Subject: Submission of Internship Report

Dear Sir,

It is a matter of interest and prestige to announce an internship paper entitled "The Corona Effects
of the International Capital Market." which was given to me as part of the challenge of BBA
Program.

Throughout the course I have tried with the best of my ability to accommodate as many documents
and issues as possible and try to follow the instructions as you have stated. I tried it my best to do
this report as much as possible. I sincerely believe it will meet your needs. However, I sincerely
believe that this publication will be the focus of my work.

I, therefore, pray and hope that you will well accept my statement and be so. With thanks and best
regards.

Sincerely Yours,

……………….
Rakib Bhuiyan
ID: 171-11-445
Major in Finance
Department of Business Administration
Faculty of Business & Entrepreneurship
Daffodil International University
 Acknowledgement

I can not deserve all the praise. At every step of this study many people and professionals have
supported me by providing valuable information, guidance and their valuable time. He gives the
joy of acknowledging them with gratitude.
It is time to express my gratitude to the Almighty Allah for giving me the strength and
encouragement to have the opportunity to complete this difficult task in such a timely manner
teem.
The report would like to acknowledge the support of the supervisor of Mr. Syed Mizanur Rahman,
Associate professor, Department of Journalism & Mass Communication, working on all the
necessary information and support. His honesty, unparalleled work ethic, critical acumen and
inspiration of creating a unique curriculum enabled me to overcome all obstacles during the
planning time. make this recipe.
Finally, true gratitude goes to family and friends for the support, sharing their thoughts and
providing the moral support needed while preparing this recipe.
 Table of Contents
Letter Transmittal................................................................................02

Acknowledgement..............................................................................03

Abstract................................................................................................06

Introduction..........................................................................................06-07

Objective................................................................................................07

Literature Review...................................................................................07-08

Methodology..........................................................................................08

Analysis of Capital Market (Country Weigh)

I. USA.............................................................................................09-18
II. CHINA........................................................................................19-21
III. JAPAN........................................................................................22-25
IV. UK...............................................................................................26-28
V. GERMANY.................................................................................29-31
VI. FRANCE.....................................................................................32-34
VII. SPAIN.........................................................................................35-37
VIII. ITALY.........................................................................................38-40

Finding....................................................................................................41
Conclusion...............................................................................................42
Recommendation....................................................................................42
References...............................................................................................43-44
 An Analysis of the Effects of Corona Virus
(COVID-19) on International Capital
Market, 2020

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ABSTRACT
The report will show us the effects of COVID-19 on International Capital market, which
has been done with latest and previous ten days of 8 counties Capital Markets information
and the countries are, USA, China, Japan, UK, Germany, France, Spain and Italy. The
information has been taken from Global Stock Market Index. From the analysis it has
been find out that the International Capital market is not a stable place where price are
continuously moving, but due to the coronavirus issue it has shaken hardly and also has
been stopped in March already. No transaction or price fluctuation are not happening and
the website are also not updating any information. The research has been done only short
period of time and no debt and equity are defined particularly. No test has been done upon
the analysis.

INTRODUCTION
Covid-19 is a type of virus which is first appeared in Wuhan city, Hubei Province of
China in December 2019, which has been declared by WHO (World Health Organization)
on 12th March, 2020.the number of corona virus cases increasing rapidly with death
especially in Italy, USA & Spain. The total Coronavirus cases: 1,716,387 where, deaths:
103,848 and recovered: 389,019.

In this crisis moment maximum county has been locked down with curfew for that reason
all the company (without pharmacy and grocery shop),academic activities ,government
corporation, business activities, supply chain, financial services, travel ,professional and
services industries has been shut down. That’s why the economy has been falling down.
The academic activities are trying to cover through online.

The history told us many diseases that people has many deaths to date. The saddest Black
Death "Plague " that occur between 1347 and 1351 where 75-100 million people had
been dead, the Bleeding Fever that had been occurred in Mexico in 1545 to 1548, the
Cholera which
had been between 1899 and 1923, when the AIDS virus first appeared in Cameroon in
1908, Ebola and Swine Flu are some of them diseases that show us a crural world history.

This affect the world economy, much with the International Capital Market. On the other hand,
a Capital Market is a system where individual, government and corporation can access to invest
in international capital market where individual government and corporation needed fund. The
two main ways to access in capital market is Equity and Debt.

Anyone can invest their small portion of savings in Capital Market as stock and bonds. Where
stock or shareholder is count as owner of the company and bondholder is count as borrower or
lender. International Capital Market provide higher return with cheaper borrowing cost and
also diversify the risk.

Earlier the problem was viewed as ‘Chinese problem,’ and then an ‘Italian problem’ but now it
has become ‘everybody problem’.
Everyone is on a mission to stop the spread of virus. But as economy is a huge factor for
individual country as usual as world’s economy. That’s why economists are so concern
about the factor.

OBJECTIVE

This paper will help is to find out effect on capital market in USA. Which will show us the
fluctuation of in international capital Market of USA, China, Germany, France, Spain and Italy
Where we will also show the latest ten days and previous ten days price of this capital markets.
It will help us to find the difference. We will also show the result with using graph it will help
us to identify the actual fluctuation of the valuation of share price.

LITERATURE REVIEW

The expectation of the investors were quite high because of the successfulness of last year but
due to corona virus effect it’s all go in vain. The main reason of the falling down of stock
market is the shutdown of supply chain and manufacturing activities etc. (Sharjil Haque, The
daily star, page 1, March 10, 2020)

Due to corona virus crisis the investment rate is low than previous time. Investors turn into
invested into gold market which seems low risky to them. The analysis has been done from 23

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January 2020 and 13 March 2020. The market has been tasted by Maki (2012) cointegration
test. (feyyazeren et all, 26th March ,2020)
The impact of COVID-19 has-been tested which turns positive. Which means it is true that the
virus has an impact on international financial market. It is tested into china and USA capital
market from 1st march 2020 to 25th march 2020. The informatio0n was collected by Statistics
Reports and Trading Economics. This is investigated for only a short period od time (Nuhu A.
Sansa, 2020)

The investors were volatility and freak out for the current situation in international share
market and the Circuit Breaker try four time to prevent it. (World Economic Forum,23rd March
, 2020)

The business activities have found a new way to operating but the debt and other borrowing
issue are at stake. And the equity offering are going to have a new meeting. China issued in
Hong Kong SAR dim sum bonds to raise fund to tackle the Corona Virus crisis. (International
Financial Law Review, IFLR, March 09, 2020)

This research has been done 300 international firms within 10 countries which shows that,
periodic financial report during the coronavirus impact in stock market. The result shows
challen between firms and investors and relation with also the lower beta values.(S
Ramelli et all. (2020)

METHODOLOGY
Here we will choose secondary source to collect the information because we are not able to
collect primary data at this moment. And the analysis we will do is qualitative and quantitative
both to valid the findings, and as we see, the trading of securities, price fluctuation etc. Of the
international capital market has been stopped because of the coronavirus. So the research are
going to be done with latest 10 days update and will be compared with Novembers first 10 days
for validity.
ANALYSIS OF CAPITAL MARKET (COUNTRY WEIGH)

.
Data of Dow Jones Industrial – DOW- NASDAQ Composite - S&P 500 (USA) are
given bellow:

Data of USA capital market

Historical Prices: DOW

Latest 10 days data of USA capital market Previous10 days data of USA capital
(12th March-25th March-2020) market
(1st November-14th November-2019)
Date Level Ch.% Date Level Ch.%

03/25/2020 21,200.5 2.39% 11/14/2019 27,781.9 -

5 6 0.01%
03/24/2020 20,704.9 11.37 11/13/2019 27,783.5 0.33%
1 % 9
03/23/2020 18,591.9 -3.04% 11/12/2019 27,691.4 0
3 9
03/20/2020 19,173.9 -4.55% 11/11/2019 27,691.4 0.04%
8 9
03/19/2020 20,087.1 0.95% 11/08/2019 27,681.2 0.02%
9 4
03/18/2020 19,898.9 -6.30% 11/07/2019 27,674.8 0.66%
2 0

03/17/2020 21,237.3 5.20% 11/06/2019 27,492.56 0.00%

8
03/16/2020 20,188.5 -12.93% 11/05/2019 27,492.63 0.11%
2
03/13/2020 23,185.6 9.36% 11/04/2019 27,462.11 0.42%
2
03/12/2020 21,200.6 -9.99% 11/01/2019 27,347.36 1.11%
2
 Historical Prices: DOW (12th March-25th March-2020)

25,000.00 1.2

1
20,000.00

0.8
15,000.00

0.6

10,000.00
0.4

5,000.00
0.2

0.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20
 Historical Prices: DOW (1st November-14th November-2019)

27,900.00 1.2

27,800.00
1
27,700.00
0.8
27,600.00

27,500.00 0.6

27,400.00
0.4
27,300.00
0.2
27,200.00

27,100.00 0
14-1913-1912-1911-198-197-196-195-194-191-19

Historical Prices: DOW (12th March-25th March-2020)

15.00%

11.37%
10.00% 9.36%

5.00% 5.20%
2.39%
0.95%
0.00% 0.00%
M20-20 M19-20
M25-20 M24-20 M23-20

-5.00%
-6.30%

-10.00%

-12.93%
-15.00%

Series 1
 Historical Prices: DOW (1st November-14th November-2019)

1.20%
1.11%
1.00%

0.80% 0.66%

0.40% 0.42%
0.33%
0.20%
0.11%
0.00%-0.01% 0.04% 0.02%
0 0.00%
13-1919-Dec19-Nov19-Aug19-Jul
-0.20%

Changes

Historical Prices: NASDAQ

Latest 10 days data of USA capital market Previous10 days data of USA capital
(12th March-25th March-2020) market
(1st November-14th November-2019)
Date Leve Ch. Date Leve Ch.
l % l %
03/25/2020 7,384.30 -0.45% 11/14/2019 8,479.02 -0.04%

03/24/2020 7,417.86 8.12% 11/13/2019 8,482.10 -0.05%

03/23/2020 6,860.67 -0.27% 11/12/2019 8,486.09 0.26%

03/20/2020 6,879.52 -3.79% 11/11/2019 8,464.28 -0.13%

03/19/2020 7,150.58 2.30% 11/08/2019 8,475.31 0.48%

03/18/2020 6,989.84 -4.70% 11/07/2019 8,434.52 0.28%

03/17/2020 7,334.78 6.23% 11/06/2019 8,410.63 -0.29%

03/16/2020 6,904.59 -12.32% 11/05/2019 8,434.68 0.02%

03/13/2020 7,874.88 9.35% 11/04/2019 8,433.20 0.56%

03/12/2020 7,201.80 -9.43% 11/01/2019 8,386.40 1.13%

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 Historical Prices: NASDAQ (12th March-25th March-2020)

8,000.00 1.2

7,800.00
1
7,600.00

0.8

7,200.00
0.6
7,000.00

0.4

6,600.00
0.2
6,400.00

0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20

Historical Prices: NASDAQ (1st November-14th November-2019)

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 8,500.00 1.2

8,480.00
1
8,460.00

0.8

8,420.00
0.6
8,400.00

0.4

8,360.00
0.2
8,340.00

0
14-1913-1912-1911-19 8-19 7-19 6-19 5-19 4-19 1-19

Historical Prices: NASDAQ (12th March-25th March-2020)

15.00%

9.35%
8.12%
6.23%
5.00%
2.30%
0.00% -0.45% -0.27%
M25-20 M24-20 M23-20 M20-20 M19-20 M18-20 M17-20 M16-20 M13-20 M20-20
-5.00% -3.79%
-4.70%

-10.00% -9.43%
-12.32%
-15.00%

Series 1

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 Historical Prices: DOW (1st November-14th November-2019)

1.40%

1.20% 1.13%
1.00%

0.80%

0.56%
0.60% 0.48%
0.40%
0.26% 0.28%
0.20%

0.00% 0.02%
-0.04% -0.05%
14-1913-1912-19 -101.1-13%98-197-19 6-19
-0.20%
-0.29%
-0.40%

Changes

Historical Prices: S&P 500

Latest 10 days data of USA capital market Previous10 days data of USA capital
(12th March-25th March-2020) market
(1st November-14th November-2019)
Date Leve Ch. Date Leve Ch.
l % l %
03/25/2020 2,475.56 1.15% 11/14/2019 3,096.63 0.08%

03/24/2020 2,447.33 9.38% 11/13/2019 3,094.04 0.07%

03/23/2020 2,237.40 -2.93% 11/12/2019 3,091.84 0.16%

03/20/2020 2,304.92 -4.34% 11/11/2019 3,087.01 -0.20%

03/19/2020 2,409.39 0.47% 11/08/2019 3,093.08 0.26%

03/18/2020 2,398.10 -5.18% 11/07/2019 3,085.18 0.27%

03/17/2020 2,529.19 6.00% 11/06/2019 3,076.78 0.07%

03/16/2020 2,386.13 -11.98% 11/05/2019 3,074.62 -0.12%

03/13/2020 2,711.02 9.29% 11/04/2019 3,078.27 0.37%

03/12/2020 2,480.64 -9.51% 11/01/2019 3,066.91 0.97%

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 Historical Prices: S&P 500 (12th March-25th March-2020)

3,000.00 1.2

2,500.00 1

2,000.00 0.8

1,500.00 0.6

1,000.00 0.4

500.00 0.2

0.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20
 Historical Prices: S&P 500 (1st November-14th November-2019)

3,100.00 1.2

3,095.00
1
3,090.00

0.8
3,080.00

0.6

3,070.00
0.4
3,065.00

0.2
3,055.00

0
14-1913-1912-1911-19 8-19 7-19 6-19 5-19 4-19 1-19

Historical Prices: S&P 500 (12th March-25th March-2020)

15.00%

10.00% 9.38% 9.29%

6.00%
5.00%

1.15% 0.47%
0.00%
M25-20 M24-20
M23-20 M20-20 M19-20 M18-20 M17-20 M16-20 M13-20 M20-20
-5.00% -4.34%
-5.18%

-10.00% -9.51%
-11.98%
-15.00%

Series 1

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 Historical Prices: DOW (1st November-14th November-2019)

1.20%

0.97%
0.80%

0.60% 0.37%
0.26%0.27%
0.20%
0.16%
0.08% 0.07% 0.07%
0.00%
14-1913-1912-19 11-19 8-19 7-19 6-19-05.-1129%4-19 1-19
-0.20%

Changes

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 Data of CSI 300 Shanghai Shenzhen SHANGAI (China) are given
bellow:
Historical Prices: SHANGAI

Latest 10 days data of China capital market Previous10 days data of China
(12th March-25th March-2020) capital market
(1st November-14th November-2019)
Date Leve Ch. Date Level Ch.%
l %
03/25/2020 2,781.59 2.17% 11/14/2019 2,909.87 0.16%

03/24/2020 2,722.44 2.34% 11/13/2019 2,905.24 -0.33%

03/23/2020 2,660.17 -3.11% 11/12/2019 2,914.82 0.17%

03/20/2020 2,745.62 1.61% 11/11/2019 2,909.97 -1.83%

03/19/2020 2,702.13 -0.98% 11/08/2019 2,964.18 -0.49%

03/18/2020 2,728.76 -1.83% 11/07/2019 2,978.71 0.00%

03/17/2020 2,779.64 -0.34% 11/06/2019 2,978.60 -0.43%

03/16/2020 2,789.25 -3.40% 11/05/2019 2,991.56 0.54%

03/13/2020 2,887.43 -1.23% 11/04/2019 2,975.49 0.58%

03/12/2020 2,923.49 -1.52% 11/01/2019 2,958.20 0.99%

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 Historical Prices: SHANGAI (12th March-25th March-2020)

2,950.00 1.2

2,900.00
1
2,850.00

0.8

2,750.00
0.6
2,700.00

0.4

2,600.00
0.2
2,550.00

0
25-2024-2023-2020-2019-2018-2017-2016-2013-2012-20

Historical Prices: SHANGAI (1st November-14th November-2019)

2,950.00 1.2

2,900.00
1
2,850.00

0.8

2,750.00
0.6
2,700.00

0.4

2,600.00
0.2
2,550.00

0
14-1913-1912-1911-19 8-19 7-19 6-19 5-19 4-19 1-19

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 Historical Prices: SHANGAI (12th March-25th March-2020)

3.00%

2.17% 2.34%
2.00%
1.61%
1.00%

25-2024-2023-2020-2019-2018-20 -107.3-42%0 16-2013-2012-20

-1.00%
-1.52%
-1.83%
-2.00%

-3.11% -3.00% -3.40%

-4.00%

Changes

Historical Prices: SHANGAI (1st November-14th November-

2019)

1.50%

0.99%

0.50% 0.54% 0.58%

0.16% 0.17%
0.00% 0.00%
14-19 -103.3-13%9 12-19 6-195-194-191-19
-0.50% 11-19 8-197-19

-1.00%

-1.83%

Ch %

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 Data of Nikkei 225 - TOPIX Index (Japan) are given bellow
Historical Prices: NIKKEI
Latest 10 days data of Japan capital Previous10 days data of Japan capital
market market
(12th March-26th March-2020) (1st November-15th November-2019)
Date Level Ch. Date Level Ch.
% %
03/26/2020 18,664.60 -4.52% 11/15/2019 23,303.32 0.70%

03/25/2020 19,547.50 8.13% 11/14/2019 23,141.55 -0.76%

03/24/2020 18,077.50 7.04% 11/13/2019 23,319.87 -0.85%

03/23/2020 16,887.78 2.02% 11/12/2019 23,520.01 0.81%

03/19/2020 16,552.83 -1.04% 11/11/2019 23,331.84 -0.26%

03/18/2020 16,726.55 -1.68% 11/08/2019 23,391.87 0.26%

03/17/2020 17,011.53 0.06% 11/07/2019 23,330.32 0.11%

03/16/2020 17,002.04 -2.53% 11/06/2019 23,303.82 0.22%

03/13/2020 17,442.50 -6.02% 11/05/2019 23,251.99 1.76%

03/12/2020 18,559.63 -4.41% 11/01/2019 22,850.77 -0.33%

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 Historical Prices: NIKKEI (12th March-26th March-2020)

20,000.00 1.2
19,500.00
19,000.00 1

0.8
18,000.00
0.6
17,000.00
16,500.00 0.4

0.2
15,500.00
0
M26-20M25-20M24-20M23-20M19-20M18-20M17-20M16-20M13-20M12-20

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 Historical Prices: NIKKEI (1st November-15th November-2019)

23,600.00 1.2

23,400.00 1

23,200.00 0.8

23,000.00 0.6

22,800.00 0.4

22,600.00 0.2

22,400.00 0
15-1914-1913-1912-1911-198-197-196-195-191-19

Changes
10.00%
8.13%
8.00% 7.04%

6.00%

2.02%
2.00%
0.06%
0.00% -1.04%
26-2025-2024-20 -1.68% -126.5-23%0 13-20 12-20
-2.00%
-4.52% -4.41%
-4.00%
-6.02%
-6.00%

Changes
 Historical Prices: NIKKEI (1st November-15th November-
2019)

2.00%
1.76%
1.50%

0.81%
0.70%
0.50%
0.26% 0.22%
0.11%
0.00%
15-1914-1913-1912-19 -101.2-16%9 8-19 7-19 6-19 5-19 - 1-19
0.33%
-0.50%
-0.76%
-0.85%
-1.00%

Ch.%

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 Data of FTSE 100 - London Stock Exchange (UK) are given bellow
Historical Prices: FTSE 100
Latest 10 days data of UK capital market Previous10 days data of UK capital market
(9th April-27th March-2020) (1st November-14th November-2019)

Date Leve Ch. Date Leve Ch.

l % l %
04/09/2020 5,842.71 3.93% 11/14/2019 7,292.76 -0.80%

04/08/2020 5,622.03 -1.44% 11/13/2019 7,351.21 -0.19%

04/07/2020 5,704.25 2.15% 11/12/2019 7,365.44 0.50%

04/06/2020 5,584.10 3.11% 11/11/2019 7,328.54 -0.42%

04/03/2020 5,415.50 -1.18% 11/08/2019 7,359.38 -0.63%

04/02/2020 5,480.22 0.47% 11/07/2019 7,406.41 0.13%

04/01/2020 5,454.57 -3.83% 11/06/2019 7,396.65 0.12%

03/31/2020 5,671.96 1.95% 11/05/2019 7,388.08 0.25%

03/30/2020 5,563.74 0.95% 11/04/2019 7,369.69 0.92%

03/27/2020 5,511.25 -5.24% 11/01/2019 7,302.42 0.75%

 Historical Prices: FTSE 100(9th April-27th March-2020)

5,900.00 1.2

5,800.00
1

5,700.00
0.8

5,600.00
0.6
5,500.00

0.4
5,400.00

0.2
5,300.00

5,200.00 0
A9-20A8-20A7-20A6-20A3-20A2-20A1-20M31-20M30-20M29-20

Historical Prices: FTSE 100(1st November-14th November-2019)

7,420.00 1.2

7,400.00
1
7,380.00

0.8
7,340.00

0.6

7,300.00
0.4
7,280.00

0.2
7,240.00

0
14-1913-1912-1911-19 8-19 7-19 6-19 5-19 4-19 1-19

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 Historical Prices: FTSE 100(9th April-27th March-2020)

6.00%

4.00%3.93%
2.00% 2.15% 1.95%
0.95%
0.00%
0.47%
A9-20A8-20A7-20A6-20 -A13.1-82%0
-2.00%

-3.83%

-5.24%
-6.00%

Changes

Historical Prices: FTSE 100(1st November-14th November-2019)

1.20%

0.92%
1.00%
0.75%
0.80%
0.50%
0.60% 0.25%
0.13%0.12%
0.40%
14-19 -103.1-19%9 12-1911-198-19 7-19 6-19 5-19 4-19 1-19
0.20% -0.42%
-0.63%
0.00%
-0.80%
-0.20%
Changes

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 Data of DAX (Germany) are given bellow:

Historical Prices: DAX

Latest 10 days data of Germany capital Previous10 days data of Germany capital
market market
(12th March-25th March-2020) (1st November-14th November-2019)
Date Leve Ch. Date Level Ch.
l % %
03/25/2020 9,874.26 1.32% 11/14/2019 13,180.23 -0.38%

03/24/2020 9,745.25 11.49% 11/13/2019 13,230.07 -0.40%

03/23/2020 8,741.15 -2.10% 11/12/2019 13,283.51 0.65%

03/20/2020 8,928.95 3.70% 11/11/2019 13,198.37 -0.23%

03/19/2020 8,610.43 1.90% 11/08/2019 13,228.56 -0.46%

03/18/2020 8,450.25 -5.47% 11/07/2019 13,289.46 0.83%

03/17/2020 8,939.10 2.20% 11/06/2019 13,179.89 0.24%

03/16/2020 8,746.25 -5.26% 11/05/2019 13,148.50 0.09%

03/13/2020 9,232.08 0.78% 11/04/2019 13,136.28 1.35%

03/12/2020 9,160.70 -12.24% 11/01/2019 12,961.05 0.73%

 Historical Prices: DAX (12th March-25th March-2020)

10,000.00 1.2

1
9,500.00

0.8
9,000.00

0.6

8,500.00
0.4

8,000.00
0.2

7,500.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M12-20

Historical Prices: DAX (1st November-14th November-2019)

13,400.00 1.2

13,300.00
1

13,200.00
0.8

13,100.00
0.6
13,000.00

0.4
12,900.00

0.2
12,800.00

12,700.00 0
14-1913-1912-1911-198-197-196-195-194-191-19

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 Historical Prices: DAX (12th March-25th March-2020)

15.00%

11.49%
10.00%

3.70%
1.90% 2.20%
1.32% 0.78%
0.00%
25-2024-20-23.1-02%020-20 19-20 18-2017-2016-20
-5.00%

-10.00%
-12.24%
-15.00%

Changes

Historical Prices: DAX (1st November-14th November-2019)

1.60%
1.35%
1.40%

1.20%
0.83%
1.00% 0.73%
0.65%

0.80%
0.24%
0.09%
0.60%
14-1913-1912-19 11-19 8-19 7-19 6-19 5-19 4-19 1-19
-0.23%
0.40%
-0.40% -0.46%
0.20%

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 Data of CAC 40 - Paris Stock Exchange (France) are given bellow
Historical Prices: CAC 40

Latest 10 days data of France capital Previous10 days data of France capital
market market
(12th March-25th March-2020) (1st November-14th November-2019)
Date Leve Ch. Date Leve Ch.
l % l %
03/25/2020 4,432.30 4.47% 11/14/2019 5,901.08 -0.10%

03/24/2020 4,242.70 8.39% 11/13/2019 5,907.09 -0.21%

03/23/2020 3,914.31 -3.32% 11/12/2019 5,919.75 0.44%

03/20/2020 4,048.80 5.01% 11/11/2019 5,893.82 0.07%

03/19/2020 3,855.50 2.68% 11/08/2019 5,889.70 -0.02%

03/18/2020 3,754.84 -5.94% 11/07/2019 5,890.99 0.41%

03/17/2020 3,991.78 2.84% 11/06/2019 5,866.74 0.34%

03/16/2020 3,881.46 -5.75% 11/05/2019 5,846.89 0.39%

03/13/2020 4,118.36 1.83% 11/04/2019 5,824.30 1.08%

03/12/2020 4,044.26 -12.28% 11/01/2019 5,761.89 0.56%

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 Historical Prices: CAC 40 (12th March-25th March-2020)

4,600.00 1.2

4,400.00 1

4,200.00 0.8

4,000.00 0.6

3,800.00 0.4

3,600.00 0.2

3,400.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20

Historical Prices: CAC 40 (1st November-14th November-2019)

5,950.00 1.2

5,900.00 1

5,850.00 0.8

5,800.00 0.6

5,750.00 0.4

5,700.00 0.2

5,650.00 0
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 Historical Prices: CAC 40 (12th March-25th March- 2020)

10.00%
8.39%

5.00% 4.47% 5.01%

2.68% 2.84%
1.83%
0.00%
25-2024-2023-2020-2019-2018-2017-2016-2013-2012-20

-5.00%
-5.94% -5.75%

-10.00%
-12.28%
-15.00%

Changes

Historical Prices: DAX (1st November-14th November-2019)

1.20%
1.08%
1.00%

0.80% 0.56%
0.40% 0.44% 0.41% 0.39%
0.34%
0.20%
0.07%
-0.02%
-104.1-01%913-19 6-19 5-19 4-19 1-19
-0.20%

Ch.%

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 Data of IBEX 35 (Spain) are given bellow:
Historical Prices: IBEX 35

Latest 10 days data of Spain capital Previous10 days data of Spain capital
market market
(12th March-25th March-2020) (1st November-14th November-2019)
Date Leve Ch. Date Leve Ch.
l % l %
03/25/2020 6,942.40 2.87% 11/14/2019 9,173.30 -0.23%

03/24/2020 6,749.00 8.33% 11/13/2019 9,194.50 -1.21%

03/23/2020 6,230.20 -3.31% 11/12/2019 9,306.70 -0.87%

03/20/2020 6,443.30 0.74% 11/11/2019 9,388.50 -0.06%

03/19/2020 6,395.80 1.93% 11/08/2019 9,393.70 -0.57%

03/18/2020 6,274.80 -3.42% 11/07/2019 9,447.30 0.52%

03/17/2020 6,497.00 6.46% 11/06/2019 9,398.40 -0.10%

03/16/2020 6,103.00 -7.94% 11/05/2019 9,407.90 -0.09%

03/13/2020 6,629.60 4.40% 11/04/2019 9,416.40 0.95%

03/12/2020 6,350.00 -14.61% 11/01/2019 9,328.00 0.76%

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 Historical Prices: IBEX 35(12th March-25th March-2020)

7,200.00 1.2

7,000.00
1

6,800.00

0.8
6,600.00

6,400.00 0.6

6,200.00
0.4

6,000.00

0.2
5,800.00

5,600.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20

Historical Prices: IBEX 35 (1st November-14th November-2019)

9,500.00 1.2

9,450.00
1
9,400.00

0.8
9,300.00

0.6

9,200.00
0.4
9,150.00

0.2
9,050.00

0
14-1913-1912-1911-19 8-19 7-19 6-19 5-19 4-19 1-19
 Historical Prices: IBEX 35(12th March-25th March- 2020)

10.00%
8.33%
6.46%
5.00% 4.40%
2.87%
1.93%
0.00% 0.74%
25-2024-20 23-20 18-2017-2016-2013-2012-20
-5.00%
-7.94%
-10.00%

-14.61%

-20.00%

Changes

Historical Prices: IBEX 35 (1st November-14th November-2019)

1.50%

0.95%
0.76%
0.50% 0.52%

0.00% -0.06% -0.09%

-0.10%
8-19 7-19 6-19 1-19
-0.50% -0.57%
-0.87%
-1.00%
-1.21%
-1.50%

Changes

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 The data of FTSE MIB -Milano Italia Borsa (Italy) are given bellow
Historical Prices: FTSEMIB
Latest 10 days data of Italy capital market Previous10 days data of Italy capital
(12th March-25th March-2020) market
(1st November-14th November-2019)
Date Level Ch. Date Level Ch.
% %
03/25/2020 17,243.68 1.96% 11/14/2019 23,481.35 -0.41%

03/24/2020 16,912.50 8.69% 11/13/2019 23,578.43 -0.86%

03/23/2020 15,559.80 -1.09% 11/12/2019 23,782.15 1.24%

03/20/2020 15,731.85 1.71% 11/11/2019 23,489.93 -0.19%

03/19/2020 15,466.97 2.29% 11/08/2019 23,534.49 0.13%

03/18/2020 15,120.48 -1.27% 11/07/2019 23,503.03 0.56%

03/17/2020 15,314.77 2.29% 11/06/2019 23,373.22 0.04%

03/16/2020 14,972.50 -6.12% 11/05/2019 23,364.82 0.23%

03/13/2020 15,949.00 6.69% 11/04/2019 23,311.43 1.64%

03/12/2020 14,949.50 -16.62% 11/01/2019 22,934.32 1.06%

 Historical Prices: FTSEMIB (12th March-25th March-2020)

17,500.00 1.2

17,000.00
1

16,500.00

0.8
16,000.00

15,500.00 0.6

15,000.00
0.4

14,500.00

0.2
14,000.00

13,500.00 0
M25-20M24-20M23-20M20-20M19-20M18-20M17-20M16-20M13-20M20-20

Historical Prices: FTSEMIB (1st November-14th November-2019)

24,000.00 1.2

23,800.00
1

23,600.00

0.8
23,400.00

23,200.00 0.6

23,000.00
0.4

22,800.00

0.2
22,600.00

22,400.00 0
14-1913-1912-1911-198-197-196-195-194-191-19

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 Historical Prices: FTSEMIB (12th March-25th March-2020)

10.00%
8.69%
6.69%
5.00%
1.96% 1.71% 2.29% 2.29%
0.00%
-1.09% -1.27%
25-20 24-20 23-20 20-20 19-20 18-20 17-2016-2013-2012-20
-5.00%
-6.12%

-10.00%

-16.62%
-20.00%

Changes

Historical Prices: FTSEMIB (1st November-14th November-2019)

2.00%

1.64%

1.24%
1.00% 1.06%

0.50% 0.56%
0.23%
0.13%
0.00% 0.04%
14-1913-1912-19 -101.1-91%9 8-19 4-19 1-19
-0.50%

-0.86%

Changes

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 FINDING
In the analysis of the data where 7 counties capital market has been given from which we
are able to know
1. Data of Dow Jones Industrial – DOW- NASDAQ Composite - S&P 500 (USA)
has been given with chart where, in DOW the level are shown and also clearly
seen that in the changes that, in 12th March 10 25th March-2020 the changers
become negative than 1st November-14th November-2019. Which clearly define
that the effect of corona virus actually hamper the International Capital Market,
as well as NASDAQ Composite - S&P 500 are also show the same result.
2. On the other Hand, data of CSI 300 Shanghai Shenzhen SHANGAI (China) also
shown that in 12th March-25th March-2020 the share market was shaken hardly
then 1st November-14th November-2019.
3. Similarly, data of Nikkei 225 - TOPIX Index (Japan) in 12th March-26th March-
2020 had fall 5 times where, in 1 st November-15th November-2019 it had only
fall less than nowadays.
4. As we can see in the data of FTSE 100 - London Stock Exchange (UK) are also
quitegood in previous day but currently this situation in at stake.
5. Data of DAX (Germany) results shows that they are also not free from the
danger and attract of the coronavirus for that reason they had turn into -12.24%
and already stopped their capital market as others but, we also can say that as the
previous history say that, they has similar situation where it was fall 4 times, but
that is not too much bad situation now they had.
6. CAC 40 - Paris Stock Exchange (France) are same situation as Germany where
their lowest change was -3.32 and highest was -12.28 which is so noticeable and
it will decrease their economic value as well as.
7. And, lastly Data of IBEX 35 (Spain) which has been most hit by the virus where
their highest changes was -16.62 which means a lot.
From the analysis we are saw that the share market growth has changes several time and
it also gone may time as negative changes but we also sure that Yes, the virus hit the
International Capital Market ,because the previous situation was not that much bad
rather than today.
 CONCLUSIONS & POLICY
RECOMMENDATION
Conclusion
:
The report show us the effect of COVID-19 in International Capital Market, which
turns positive result. Markets are run by the Services Company and Manufacturing
Company. Due to the safety we all know that we need to maintain mandatorily social
distance that’s why all business and manufacturing activities has been shut down. So, it
is understandable that the share market will shake. Which is happened already. The
trading of share, price changing etc. The world economy are going to fall, the GDP and
GNP are decreasing, Income, Exports, Imports supply chain has been shut down.
Everything has been stopped. What we all need to do is prevent the virus and survive
wisely.

Policy Recommendations:
1. This analysis are only done with latest and previous ten days, if anyone want
theycan analysis with more information
2. The Debt and Equity are not clarified.
3. The data are only taken from secondary source.
4. No test are done to prove the validity.
References:
1. Ramelli, S., & Wagner, A. (2020). 7 What the stock market tells us
about the consequences of COVID-19. Mitigating the COVID
Economic Crisis: Act Fast and Do Whatever, 63.
2. Lopatta, K., Alexander, E. K., Gastone, L. M., & Tammen, T. (2020). To
Report or not to Report about Coronavirus? The Role of Periodic
Reporting in Explaining Capital Market Reactions during the Global
COVID-19 Pandemic. The Role of Periodic Reporting in Explaining
Capital Market Reactions during the Global COVID-19 Pandemic.(April
3, 2020).
3. ZEREN, F., & HIZARCI, A. THE IMPACT OF COVID-19
CORONAVIRUS ON STOCK MARKETS: EVIDENCE FROM
SELECTED COUNTRIES. Muhasebe ve Finans İncelemeleri Dergisi,
3(1), 78-84.

4. Sansa, N. A. (2020). The Impact of the COVID-19 on the Financial

Markets: Evidence from China and USA. Available at SSRN
3562530.
5. https://www.thedailystar.net/coronavirus-deadly-new-
threat/news/choking-global- stock-markets-the-coronavirus-effect-
1878520

6. https://www.weforum.org/agenda/2020/03/stock-market-volatility-
coronavirus/?fbclid=IwAR1hIuOYLrGpDpDUnBUtoEnIZeQqZtMO7zH_g1
Q77Iod9fRgM36 sI0k8ReA
7. https://www.iflr.com/Article/3922274/Coronavirus-under-the-
capital-markets- microscope.html
8. https://countryeconomy.com/stock-
exchange/italy?dr=2019-
11&fbclid=IwAR21HOAsekYsBMcRvlshAq-
7acB-
oQcZWZMfm9HDlnM0c2EcnyBMLKLHbgc
9. https://countryeconomy.com/stock-
exchange/spain?dr=2019-
11&fbclid=IwAR28Gs19MPA1fG_kfqdqlbAlm3q2
AvIhFydxXImZMnNcmw4minmn91mbM dw
10. https://countryeconomy.com/stock-exchange/france?dr=2019-
11&fbclid=IwAR1wZniA9A7pddey9Yl_pTWLGSApexiJJGaN4FwxQBjHF
 Q1mmKQGIE0DLh A
11. https://countryeconomy.com/stock-exchange/germany?dr=2019-
11&fbclid=IwAR33qcq3EybQomcIxjyGNDw8Cs5minoYjHelXqTunHGC6
NS5qe3jWrHNcq M
12. https://countryeconomy.com/stock-exchange/germany?dr=2019-
11&fbclid=IwAR33qcq3EybQomcIxjyGNDw8Cs5minoYjHelXqTunHGC6
NS5qe3jWrHNcq M
13. https://countryeconomy.com/stock-exchange/china?dr=2019-
11&fbclid=IwAR3q-rID-- gkvoOf4TqsrAPALuFw3kjFQBUM6ns-
y5ueOfpDFiG6emIbM-4
14. https://countryeconomy.com/stock-exchange/usa?dr=2019-
11&fbclid=IwAR3Qg0wOv8FUks2un5-
YD1xU1Bla4QAeppylkvjkByPTUy24laS3siBcBzo
15. https://countryeconomy.com/stock-
exchange/usa?fbclid=IwAR1TgcGO4XITOhJsJ
0pClpmDRreJD-
KO5HLq5XL_9yRiC0hkpv07wEHh1Oo
16. https://countryeconomy.com/stock- exchange/china?
fbclid=IwAR2TgbvwdCsn7SDjJMj4jD8yAY5AdZyz OPrMV4dSK0ms-
xBE7ryRFh-rBpY
17. https://countryeconomy.com/stock- exchange/japan?
fbclid=IwAR33qcq3EybQomcIxjyGNDw8Cs5minoYjHel XqTunHGC6NS5q
e3jWrHNcqM#TOPIX
18. https://countryeconomy.com/stock- exchange/uk?
fbclid=IwAR3EmJT36aYnGlzDiWz9MGR_dcL0VhnH0jpQv
h4RyrKRfamlvr_S Hg313rQ
19. https://countryeconomy.com/stock- exchange/germany?
fbclid=IwAR3KG8zP_ENmZJuTdjkYVehurhycFm g6xGxX4ykdImRt-
ZDP4jiUKJPm0x4
20. https://countryeconomy.com/stock- exchange/germany?
fbclid=IwAR3KG8zP_ENmZJuTdjkYVehurhycFm g6xGxX4ykdImRt-
ZDP4jiUKJPm0x4
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