COVID-19 and the Energy Stock Market - Evidence From China

Chen Liu ()
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Chen Liu: School of Economics, Huazhong University of Science and Technology, China

Energy RESEARCH LETTERS, 2021, vol. 2, issue 3, 1-5

Abstract: This study examines the effect of the COVID-19 outbreak on the energy stock market. Based on a sample of Chinese energy stocks, we find that COVID-19 has a negative effect on energy stock prices. In particular, the negative pandemic sentiment from newspaper articles leads to a decline in energy stock prices. We further find that the energy stock market has a linkage to the overall Chinese stock market. Finally, though COVID-19 has had a negative effect on the overall Chinese stock market, the effect is not significant.

Keywords: pandemic sentiment; energy stock market; covid-19 (search for similar items in EconPapers)
JEL-codes: G12 L1 Q41 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (20)

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