The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors

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This paper studied the impact of COVID-19 on China’s capital market and major industry sectors via an improved ICSS algorithm, a time series model with the exogenous variable and a non-parametric conditional probability estimation. Through the empirical analysis, it is found that the epidemic has no...

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Detalles Bibliográficos
Autores principales: Xu, Weijia, Li, Aihua, Wei, Lu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author(s). Published by Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8812087/
https://www.ncbi.nlm.nih.gov/pubmed/35136457
http://dx.doi.org/10.1016/j.procs.2022.01.011
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author Xu, Weijia
Li, Aihua
Wei, Lu
author_facet Xu, Weijia
Li, Aihua
Wei, Lu
author_sort Xu, Weijia
collection PubMed
description This paper studied the impact of COVID-19 on China’s capital market and major industry sectors via an improved ICSS algorithm, a time series model with the exogenous variable and a non-parametric conditional probability estimation. Through the empirical analysis, it is found that the epidemic has no significant impact on the return of the stock and bond markets, but it has increased the market volatility and the impact on the stock market volatility is gradual and more obvious. There are significant differences in the significance, direction and duration of the epidemic on different sectors. In addition, the impact of COVID-19 has been gradual in some industries and rapid in others. Different industries show different sensitivities in their response to COVID-19. Based on the analysis of the impact, this paper put forward the corresponding suggestions for investment strategies and macro-control decisions.
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spelling pubmed-88120872022-02-04 The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors Xu, Weijia Li, Aihua Wei, Lu Procedia Comput Sci Article This paper studied the impact of COVID-19 on China’s capital market and major industry sectors via an improved ICSS algorithm, a time series model with the exogenous variable and a non-parametric conditional probability estimation. Through the empirical analysis, it is found that the epidemic has no significant impact on the return of the stock and bond markets, but it has increased the market volatility and the impact on the stock market volatility is gradual and more obvious. There are significant differences in the significance, direction and duration of the epidemic on different sectors. In addition, the impact of COVID-19 has been gradual in some industries and rapid in others. Different industries show different sensitivities in their response to COVID-19. Based on the analysis of the impact, this paper put forward the corresponding suggestions for investment strategies and macro-control decisions. The Author(s). Published by Elsevier B.V. 2022 2022-02-03 /pmc/articles/PMC8812087/ /pubmed/35136457 http://dx.doi.org/10.1016/j.procs.2022.01.011 Text en © 2022 The Author(s). Published by Elsevier B.V. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Xu, Weijia
Li, Aihua
Wei, Lu
The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title_full The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title_fullStr The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title_full_unstemmed The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title_short The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors
title_sort impact of covid-19 on china’s capital market and major industry sectors
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8812087/
https://www.ncbi.nlm.nih.gov/pubmed/35136457
http://dx.doi.org/10.1016/j.procs.2022.01.011
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