Do the Outbreak of COVID-19 Influence the China Stock Market?
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Issue Vol. 17 No. 2 (2022)
-
Sustainable Development and Sustainable Science. Where We Came From, Where We Are Now and Where We Are Heading? Part I: The History of the Concept
7-18
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The Real Tragedy of the Commons – Garrett Hardin (1968) Revised
19-23
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Towards Co-existence. Responsibility in the Anthropocene Debate
24-30
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Post-COVID-19 Revitalisation and Prospects for Climate Neutral Energy Security Technologies
31-38
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COVID-19: Vaccine Hesitancy in Africa and the Way Forward
39-46
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Impact of Entrepreneurship on Sustainable Development in Emerging Markets under the Conditions of COVID-19
47-58
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Do the Outbreak of COVID-19 Influence the China Stock Market?
59-68
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Digitalization and Sustainable Development: the New COVID-19 Challenge Requires Non-standard Solutions
69-79
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Digital Information Security: Coronavirus Crisis Impact on the Accountants, Business Analysts and Auditors Training
80-90
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Transition of Logistics to Sustainable Development Under the Impact of COVID-19
91-100
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Tax Policy for Economic Recovery and Sustainable Development After COVID-19
102-109
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Renewable Energy and Poverty in Sustainable Development of the European Union
110-123
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Evaluation of Social Protection Performance in EU Countries: Multiple-criteria Decision Analysis (MCDA)
124-132
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Environmental Refugees, Suggested Solutions of the Problem in the Framework of International Law
133-139
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A Brief Analysis of SDG 3 – Good Health and Well-being – and its Synergies and Trade-offs with the other Sustainable Development Goals
140-147
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Impact of Financial Globalization on Environmental Degradation in the E7 Countries: Application of the Hybrid Nonparametric Quantile Causality Approach
148-160
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International Trade, Corruption and Economic Growth: Evidence from Selected Sub-Saharan Countries
161-165
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Corporate Entrepreneurship in the Pursuit of Sustainable Development: Creating a More Sustainable Future
166-177
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Circular Economy as a Model of Achieving Sustainable Development
178-185
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International Tourism as a Tool of European Integration Within Eastern European Countries
186-196
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Eco-innovation and Sustainable Development
197-203
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Intangible Heritage and Sustainable Development Strategies
204-209
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Sericulture in Terms of Sustainable Development in Agriculture
210-217
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Arsenic Contamination of Groundwater in Bhojpur District of Bihar, India: A Threat to Sustainability
218-229
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How Humble Leadership Affects Voluntary Green Behavior and Green Performance? The Roles of Job Autonomy and Green Supporting Climate in Hotels
230-242
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Storytelling for Behavior Change: Use of Folktales for Promoting Sustainable Behaviors
243-247
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Abstract
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.
JEL codes: E37; F37; E31
