Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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The Impact of COVID19 on Stock Market: a Study of Stock Market Interdependency

Authors
Yiwei Xu1, *, Weilian Xu1
1Beijing 21St Century International School, Beijing, 100089, China
*Corresponding author. Email: 3409211688@qq.com
Corresponding Author
Yiwei Xu
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_277How to use a DOI?
Keywords
Stock market; Covid-19; Influential factors; GARCH models
ABSTRACT

Because of the Covid pandemic, the financial market, particularly the stock market, suffered a significant decline. The stock market peaked on February 19, 2020, just before the COVID-19 epidemic resulted in a precipitous decline in share prices. During the crisis, several sectors demonstrated a high degree of interdependence, which piqued our interest and prompted us to look into it further. As a result of the findings, the dependence structure between sectors is relatively similar during the pre-pandemic and post-pandemic periods, with relatively fewer linkages between sectors. The dependence of the industrial sector index has also risen and fallen in varying degrees over time. However, when the world is experiencing a COVID crisis, the performance between sectors is much more consistent, with certain sectors demonstrating stronger connections than others.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_277How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiwei Xu
AU  - Weilian Xu
PY  - 2022
DA  - 2022/12/31
TI  - The Impact of COVID19 on Stock Market: a Study of Stock Market Interdependency
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1859
EP  - 1863
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_277
DO  - 10.2991/978-94-6463-036-7_277
ID  - Xu2022
ER  -