H7N9 not only endanger human health but also hit stock marketing
نویسندگان
چکیده
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.
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