Yan Jiang, Yi Zhang, Chunna Ma, Quanyi Wang, Chao Xu, Connor Donovan, Gholam Ali, Tan Xu, Wenjie Sun
{"title":"H7N9 not only endanger human health but also hit stock marketing.","authors":"Yan Jiang, Yi Zhang, Chunna Ma, Quanyi Wang, Chao Xu, Connor Donovan, Gholam Ali, Tan Xu, Wenjie Sun","doi":"10.25196/adcp201711","DOIUrl":null,"url":null,"abstract":"<p><strong>Objective: </strong>This study aims to discuss the correlation between daily reported H7N9 cases and stock price indices in China.</p><p><strong>Methods: </strong>Information on daily reported H7N9 cases and stock market sectors indices between February 19, 2013 and March 31, 2014 were collected. A distributed lag non-linear model was used to describe the variation trend for the stock indices.</p><p><strong>Results: </strong>The daily reported number of H7N9 cases was associated with the closing price of the Avian Influenza Sector Index (P < 0.05) and the opening price of the Shanghai Composite Index (P = 0.029). The Avian Influenza Sector Index decreased with increasing of daily reported case number when daily reported cases ≤ 4. Case number was associated with the opening/closing price of the Chinese Traditional Medicine Sector Index, the Biological Product Sector Index, and the Biomedicine Sector Index (P < 0.05).</p><p><strong>Conclusion: </strong>New or reemerging infectious diseases epidemic cause economic loss which is reflected in movements in stock prices.</p>","PeriodicalId":91994,"journal":{"name":"Advances in disease control and prevention","volume":"2 1","pages":"1-7"},"PeriodicalIF":0.0000,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.25196/adcp201711","citationCount":"28","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Advances in disease control and prevention","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.25196/adcp201711","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2017/5/30 0:00:00","PubModel":"Epub","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 28
Abstract
Objective: This study aims to discuss the correlation between daily reported H7N9 cases and stock price indices in China.
Methods: Information on daily reported H7N9 cases and stock market sectors indices between February 19, 2013 and March 31, 2014 were collected. A distributed lag non-linear model was used to describe the variation trend for the stock indices.
Results: The daily reported number of H7N9 cases was associated with the closing price of the Avian Influenza Sector Index (P < 0.05) and the opening price of the Shanghai Composite Index (P = 0.029). The Avian Influenza Sector Index decreased with increasing of daily reported case number when daily reported cases ≤ 4. Case number was associated with the opening/closing price of the Chinese Traditional Medicine Sector Index, the Biological Product Sector Index, and the Biomedicine Sector Index (P < 0.05).
Conclusion: New or reemerging infectious diseases epidemic cause economic loss which is reflected in movements in stock prices.