Do the Outbreak of COVID-19 Influence the China Stock Market?

• Autorzy: Ashraf Junaid , Gnahe Franck Edouard Gnahe , Huang Fei-Ming , Rizk Zeinab

Identyfikatory

DOI

10.35784/pe.2022.2.07

Warianty tytułu

PL

Jak COVID-19 wpływa na chińską giełdę?

• Języki publikacji: EN

Abstrakty

EN

This study aims at the impact outbreak of COVID-19 influence Chinese currency and stock market over the period December 2, 2019, to January 04, 2021. The Generalized Autoregressive Conditional Homoscedastic approach captures the most common stylized fact about index returns (such as multivariate to capture the Shanghai and Shenzhen stock exchange). Our finding shows the explosive process and risk premium for the Shenzhen stock exchange (SSE) and Shanghai stock exchange (SZSE) index. And the standard deviation depreciation of the Chinese currency during the COVID-19 equivalent to 0.46% improved stock market return by 81% average returns. These results explain that high volatility of index returns is present in the Chinese stock market over the sample period. According to the analysis results, it can be concluded that the number of new cases and the number of recent deaths have a significant effect on the stock market, causing uncertainty in the sustainability.

Słowa kluczowe

EN

exchange rate; stock return; COVID-19; sustainability

PL

kurs wymiany; zwrot akcji; COVID-19; zrównoważoność

• Wydawca: Lublin University of Technology
• Czasopismo: Problemy Ekorozwoju
• Rocznik: 2022
• Tom: Vol. 17, nr 2
• Strony: 59--68
• Opis fizyczny: Bibliogr. 30 poz., fig., tab.

Twórcy

autor

Ashraf Junaid

• Jiangxi University of Finance and Economics, School of Statistics, Nanchang 330013, Jiangxi, China

• https://orcid.org/0000-0002-8189-6755

autor

Gnahe Franck Edouard Gnahe

• Jiangxi University of Finance and Economics, School of Statistics, Nanchang 330013, Jiangxi, China

• https://orcid.org/0000-0001-7927-1310

autor

Huang Fei-Ming

• Jiangxi University of Finance and Economics, School of Statistics, Nanchang 330013, Jiangxi, China

autor

Rizk Zeinab

• Jiangxi University of Finance and Economics, School of Statistics, Nanchang 330013, Jiangxi, China
• Damietta University, Arab of Republic of Egypt

Bibliografia

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).