COVID-19 and Volatility of China Concept Stocks

Abstract

is now spreading all over the world, and the severity of the epidemic varies from region to region. In this case, people's investor sentiment is unstable, and the price of the stock market fluctuates accordingly, including China Concept Stocks. This paper aims at exploring the correlation between the Chinese concept stock price index and the severity of the epidemic in China and the United States. Findings suggest that the situation in China has no dynamic correlation with the China concept stock price, while the US is more related to the China concept stock price during the pandemic period. In conclusion, the volatility and the severity of the US pandemic show more similar trends than that of China, and they are more correlated.