Yes! Both physical and mental stress can cause hair loss. Physical stress such as illness or surgery and mental stress such as emotional stress are one of the common causes of hair loss in both men and women.
When undergoing stress, your body releases a hormone called testosterone in excess quantity. The by-product of this hormone, called DHT, can result in loss of hair in men who are genetically sensitive to it.
Otherwise also, stress is known to cause loss of hair in both adult men and women.