Multifractal Analysis of Chinese Industry and Stock Markets Fluctuation Under the COVID-19 Pandemic
Pan-Ting Liu,
Xin-Bang Cao,
Hong-Yong Wang
Abstract:Researchers and authorities have become increasingly interested in how the COVID-19 pandemic has profoundly impacted the real economy and financial markets around the world since its outbreak in late 2019. Applying the methods of multifractal analysis, this paper investigates the fluctuation characteristics and market risks of Chinese industry and stock markets under the COVID-19 pandemic, and reveals the whole dynamics of industry and stock markets from the perspective of system theory. The empirical results … Show more
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