Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.1990781
US-China trade war and China’s stock market: an event-driven analysis
He Chengying
Chen Rui
Liu Ying
Sažetak
The US-China trade war, initiated in March 2018, substantially
transformed the trading partnership between the two largest economic powers. It directly influenced the profitability of domestic
enterprises related to the export chain and harmed the domestic
economy in China and its stock market. This study empirically
examines the effects of the trade war on China’s stock market
based on chronological events and tests whether it is the contagion effect or the present value effect. The empirical study supports the contagion effect because the impact of the US-China
trade war differed significantly in different sectors only when the
US announced its imposition of more tariffs on US$50 billion
worth of Chinese products. However, there is no apparent difference between the industries for other events, nor is there any significant difference between the industries in terms of longterm impact.
Ključne riječi
Trade war; Chinese stock market; tariffs
Hrčak ID:
302507
URI
Datum izdavanja:
31.3.2023.
Posjeta: 981 *