The Impact of COVID-19 on the Dependence of Chinese Stock Market
By calculating the mutual information of stock indexes of 10 primary industry sectors in China, this paper analyzes the dependence relationship among Chinese stock sectors during the COVID-19 and the dynamic evolution of the relationship by using the sliding window method. According to the actual si...
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/5588562 |
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| _version_ | 1832562970639466496 |
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| author | Xianbo Wu Xiaofeng Hui |
| author_facet | Xianbo Wu Xiaofeng Hui |
| author_sort | Xianbo Wu |
| collection | DOAJ |
| description | By calculating the mutual information of stock indexes of 10 primary industry sectors in China, this paper analyzes the dependence relationship among Chinese stock sectors during the COVID-19 and the dynamic evolution of the relationship by using the sliding window method. According to the actual situation of the development of COVID-19 in China, the samples were divided into three stages, namely, calm period, pandemic period, and post-pandemic period. The results show that the dependence relationship among Chinese stock sectors is significantly enhanced in the pandemic period, but it decreases in the post-pandemic period and the dependence structure is similar to that in the calm period. The industrials sector is most closely connected with other sectors in the pandemic period. The information technology sector and telecommunication services sector maintain strong dependence in the three periods and share little contact with other sectors. In the pandemic period, the dependence between the consumer staples sector and other sectors is significantly enhanced, and consumer staples sector and health care sector maintain a strong dependence. From the results of the sliding window, the Chinese stock market is sensitive to the impact of COVID-19, but the duration of the impact on the dependence among the stock sectors is not long. |
| format | Article |
| id | doaj-art-ac52b83535f0476c830cd262008e61fd |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-ac52b83535f0476c830cd262008e61fd2025-02-03T01:21:27ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/55885625588562The Impact of COVID-19 on the Dependence of Chinese Stock MarketXianbo Wu0Xiaofeng Hui1School of Management, Harbin Institute of Technology, Harbin 150001, ChinaSchool of Management, Harbin Institute of Technology, Harbin 150001, ChinaBy calculating the mutual information of stock indexes of 10 primary industry sectors in China, this paper analyzes the dependence relationship among Chinese stock sectors during the COVID-19 and the dynamic evolution of the relationship by using the sliding window method. According to the actual situation of the development of COVID-19 in China, the samples were divided into three stages, namely, calm period, pandemic period, and post-pandemic period. The results show that the dependence relationship among Chinese stock sectors is significantly enhanced in the pandemic period, but it decreases in the post-pandemic period and the dependence structure is similar to that in the calm period. The industrials sector is most closely connected with other sectors in the pandemic period. The information technology sector and telecommunication services sector maintain strong dependence in the three periods and share little contact with other sectors. In the pandemic period, the dependence between the consumer staples sector and other sectors is significantly enhanced, and consumer staples sector and health care sector maintain a strong dependence. From the results of the sliding window, the Chinese stock market is sensitive to the impact of COVID-19, but the duration of the impact on the dependence among the stock sectors is not long.http://dx.doi.org/10.1155/2021/5588562 |
| spellingShingle | Xianbo Wu Xiaofeng Hui The Impact of COVID-19 on the Dependence of Chinese Stock Market Discrete Dynamics in Nature and Society |
| title | The Impact of COVID-19 on the Dependence of Chinese Stock Market |
| title_full | The Impact of COVID-19 on the Dependence of Chinese Stock Market |
| title_fullStr | The Impact of COVID-19 on the Dependence of Chinese Stock Market |
| title_full_unstemmed | The Impact of COVID-19 on the Dependence of Chinese Stock Market |
| title_short | The Impact of COVID-19 on the Dependence of Chinese Stock Market |
| title_sort | impact of covid 19 on the dependence of chinese stock market |
| url | http://dx.doi.org/10.1155/2021/5588562 |
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