Financial contagion in the futures markets amidst global geo-economic events

The contagion effect of jump risk across Asian stock markets during the Covid-19 pandemic

“…As the outbreak of the Covid-19 pandemic has shaken the global financial markets, it has led to significant turmoil in the global financial markets, and the international major equity markets have suffered a common sharp fall. Accordingly, research about the contagion effect across global financial markets induced by the Covid-19 pandemic has been very popular, and many researchers have studied the topic from different perspectives ( Ahelegbey et al, 2021 , Yang et al, 2021 , Akhtaruzzaman et al, 2021 , Apergis et al, 2019 , Zorgati and Garfatta, 2021 , Li, 2021 , Belhassine and Karamti, 2021 , Choi, 2021 , Davidovic, 2021 , Guo et al, 2021 ; Iwanicz et al, 2021; Lai and Hu, 2021 , Luo et al, 2021 , BenMim and BenSaïda, 2019 , Rao et al, 2021 , Zainudin and Mohamad, 2021 ).…”