The Impacts of COVID-19 on the Indexes
Economic Effects in the U.S. and China
These authors contributed equally.
- 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.
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 -