Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Impact of Sino-US Trade Conflict on the Volatility of American Stock Market

Authors
Xinru Su1, *
1School of Finance, Nanjing University Of Finance & Economics, Nanjing, Jiangsu Province, 210023, China
*Corresponding author. Email: 1323904546@qq.com
Corresponding Author
Xinru Su
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.496How to use a DOI?
Keywords
Sino-US trade conflict; stock market; ARMA-GARCH model
Abstract

Since the start of the Sino-US trade conflict in 2018, the United States has frequently imposed tariffs on Chinese imports. To investigate the impact of the Sino-US trade conflict on the volatility of the US stock market, this paper employs the ARMA-GARCH model and nine time points when the US announced the imposition of tariffs as dummy variables. According to the study, the Sino-US trade conflict has little impact on the US stock market, despite the significant increase in volatility in China’s stock market and the obvious decline in the rate of return. China benefited from a trade surplus but suffered from a lack of technical knowledge. The U.S. stock market was likely to occupy the technical advantage, so the stock market had little impact on the trade conflict.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.496How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xinru Su
PY  - 2022
DA  - 2022/03/26
TI  - The Impact of Sino-US Trade Conflict on the Volatility of American Stock Market
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 3039
EP  - 3046
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.496
DO  - https://doi.org/10.2991/aebmr.k.220307.496
ID  - Su2022
ER  -