H7N9 not only endanger human health but also hit stock marketing

Jiang, Yan; Zhang, Yi; Ma, Chunna; Wang, Quanyi; Xu, Chao; Donovan, Connor; Ali, Gholam; Xu, Tan; Sun, Wenjie

Of course, stock markets react to a myriad of risk factors including through policy changes and news reports. For example, Merve Alanyali, et al. found a positive correlation between the daily number of mentions of a company in the Financial Times and the same day transaction volume of that company's stock [8] . Moreover, Tobias Preis, et al. evaluated a quantification relationship between changes in Google query volumes for search terms related to finance and changes in stock market prices [9] . When news f disasters breaks, economists report sharp stock price declines especially when the perceived repercussions are large such as immediately after the 9/11 events and their effect on U.S. markets and the Fukushima nuclear leak on markets in Japan. However, to our knowledge, there is no research attempting to discuss the correlation between stock market prices and potential disasters stemming from emerging infectious diseases. This paper attempts to go some way in correcting this gap by detecting whether H7N9 outbreaks in China affected stock markets in China.