Since the Word Cup started 2 weeks ago, the stockmarkets all around had been in a doldrums and directionless.
It is natural to speculate that the stock market performance is correlated to the world cup performance.
A research paper seem to support this speculation. Linking investor mood and market performance. They found economically and statistically significant market decline after soccer losses.
When Japan lost on Thursday night (22 Jun), the Nikkei did open with a drop in the morning.
So Korea was knocked out of the Word Cup by the Swiss on Friday night (this morning in Asia), let us see how the KOSPI perform on Monday.
Not only is the match result is affecting the stock market, the stock market is also affecting the match. World Cup Blog linked the performance of the Saudi players to their home stock market performance.
On the other hand Ukraine has much to smile about, their team is through the first round and their stock market has raisen 588% in the last 4 years.
World Cup and Stock Market Performance
It is natural to speculate that the stock market performance is correlated to the world cup performance.
A research paper seem to support this speculation. Linking investor mood and market performance. They found economically and statistically significant market decline after soccer losses.
When Japan lost on Thursday night (22 Jun), the Nikkei did open with a drop in the morning.
So Korea was knocked out of the Word Cup by the Swiss on Friday night (this morning in Asia), let us see how the KOSPI perform on Monday.
Not only is the match result is affecting the stock market, the stock market is also affecting the match. World Cup Blog linked the performance of the Saudi players to their home stock market performance.
On the other hand Ukraine has much to smile about, their team is through the first round and their stock market has raisen 588% in the last 4 years.