The Impact of Multiple Rounds of Covid-19 on Stock Market of China’s Medical Companies

Jingfei Fang, Jiajun Du, Hanlun Jiang, Kailai Hu

2022

Abstract

The current health crisis has far-reaching social and economic implications comparable to those that occurred during the economic and financial crisis of 2008. However, authorities worldwide are working hard to keep markets stable, as there are signs that the healthcare crisis will be accompanied by depression. The goal of this study was to see how COVID-19 affected the Romanian stock market. For this objective, we looked at the influence of parameters, including the newly diagnosed cases and murders committed by COVID-19, the government's response, and the international financial climate on the Budapest Electronic Trading index. The information was gathered between March 11, 2020, and April 30, 2021. The effectiveness of COVID-19 on the financial markets was measured using the Autoregressive Distributed Bound integration test. According to the findings, the outbreak had a considerable lengthy negative influence on Romania's BET index, whereas the European economic position had a favorable impact. As a result, the authorities can utilize these findings as a roadmap to properly manage initiatives targeted at mitigating the negative consequences of the medical problem.

Paper Citation

in Harvard Style

Fang J., Du J., Jiang H. and Hu K. (2022). The Impact of Multiple Rounds of Covid-19 on Stock Market of China’s Medical Companies. In Proceedings of the 4th International Conference on Biotechnology and Biomedicine - Volume 1: ICBB; ISBN 978-989-758-637-8, SciTePress, pages 488-491. DOI: 10.5220/0012032900003633

in Bibtex Style

@conference{icbb22,
author={Jingfei Fang and Jiajun Du and Hanlun Jiang and Kailai Hu},
title={The Impact of Multiple Rounds of Covid-19 on Stock Market of China’s Medical Companies},
booktitle={Proceedings of the 4th International Conference on Biotechnology and Biomedicine - Volume 1: ICBB},
year={2022},
pages={488-491},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012032900003633},
isbn={978-989-758-637-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Biotechnology and Biomedicine - Volume 1: ICBB
TI - The Impact of Multiple Rounds of Covid-19 on Stock Market of China’s Medical Companies
SN - 978-989-758-637-8
AU - Fang J.
AU - Du J.
AU - Jiang H.
AU - Hu K.
PY - 2022
SP - 488
EP - 491
DO - 10.5220/0012032900003633
PB - SciTePress