The Impact of Sino-US Trade Conflict on HS300 Index: An Empirical Evidence

Da Huo; Bingkun Xiao; Zijun Zhang

doi:10.54097/hbem.v14i.8979

Authors

Da Huo
Bingkun Xiao
Zijun Zhang

DOI:

https://doi.org/10.54097/hbem.v14i.8979

Keywords:

Sino-US trade War, A-Share stock, HS300 index.

Abstract

The Sino-US trade conflict provoked by the US in 2018 had a huge impact on China and the global economy through a series of high tariff sanctions. During this period, many fields including the stock market were hit. This study is based on the existing research and analysis of the influence of the Sino-US trade conflict on the stock market and data survey, selects the representative HS300 index, and uses the multiple regression model to study the specific reasons for the influence of the Sino-US trade conflict on it. The study found that the GDP gap and interest rate gap between China and the US have a significant impact on the HS300 index, and the degree of impact is different before and after the trade conflict. The innovation of this paper is that it emphasizes the importance of economic and financial factors when analyzing the impact of trade conflicts on China's stock market through empirical analysis, and this kind of impact is complex and multifaceted. This study provides an important empirical basis for subsequent related research and investors' investment direction.

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