Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Impacts of COVID-19 on the Indexes

Economic Effects in the U.S. and China

Authors
Jialong Chen1, , Qiqi Li2, *, , Xiajie Yu3,
1Information Technology & Informatics major, Rutgers University, Piscataway 08854, United States
2Clinical Psychology major, University of Wisconsin-Milwaukee, Milwaukee, 53201, United States
3Finance major, School of Economics, Jilin University, Changchun 130012, China

These authors contributed equally.

*Corresponding author. Email: qiqili@uwm.edu
Corresponding Author
Qiqi Li
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.435How to use a DOI?
Keywords
COVID-19; Financials; Stock market; Indexes
Abstract

This article analyses the industry indexes in the U.S and Chinese stock market during COVID-19 to research the impact of COVID-19 on different industries in the U.S. and China. The data was collected based on the industry indexes during four selected periods of COVID-19. We analyzed the difference in mean return using the t-test method at a significance level of 5%. Our analysis discovered that for China and the United States, COVID-19 has the least impact on the consumer goods industry and the greatest impact on the energy industry. Compared with other stock industries, major consumer goods, real estate, and utility industries are less affected by covid-19. In addition, industries such as energy, finance, telecommunications, materials, industry, healthcare, consumer staples, and consumer discretionary indexes are more affected by covid-19. As a result, investors can choose the stocks of countries with good resistance to the epidemic, which can not only reduce the risk of investors to some extent but also allow other countries to learn from the country’s policies and some measures to control the epidemic to promote the global stock market and economic growth.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.435How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jialong Chen
AU  - Qiqi Li
AU  - Xiajie Yu
PY  - 2021
DA  - 2021/12/15
TI  - The Impacts of COVID-19 on the Indexes
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2675
EP  - 2681
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.435
DO  - 10.2991/assehr.k.211209.435
ID  - Chen2021
ER  -