Vesak holiday effect on global stock markets / Mohd Khairul Hafiz Abdul Wahab

Holiday and celebration is usually connected to the cultural and religion around the world. Human behavior tend to react for during any event and celebration. For this reason, the decision making of one person also affected in every situation such as investment decision and purchasing behavior and many more. During every big event, we tend to see purchasing behaviour of a certain good tend to be very high and thus making the price of a certain good became higher. Taking from the theory of demand and supply (economic), we can say that if the demand is more than the supply, the price became higher, this theory can be related in the trading of stock market. But before we go through the relationship between holiday and stock market, first we look at the term holiday itself. Certain holiday (religious) only celebrated in particular country and continent which has the most of its follower. So, if we talk about one (major) holiday, we must divided the country based on continent, cultural and geographycally in order to observe the human behaviour and the price trend of stock market on that particular country. Vesak celebration is mainly celebrated by the Buddhist community worldwide. It is a holiday for celebrating the birthday of Gautama Buddha who is a spiritual leader and teacher whose life serves as the foundation of the Buddhist religion. This holiday mostly took part in the month of May every year and the highest follower of this religion is in Asia and the highest population was in China.