Research Article
Chinese Stock Market’s Reaction to COVID-19 in the Short and Long Run
Table 6
AR, CAR, and t-statistics for consumer durable goods and clothing industry.
| Date | AR (%) | t-stat | CAR (%) | t-stat | Date | AR (%) | t-stat | CAR (%) | t-stat |
| −5 | −0.47 | −1.42 | −0.47 | −1.42 | 6 | 0.31 | 0.96 | −2.54 | −2.24 | −4 | −0.04 | −0.11 | −0.50 | −1.08 | 7 | 0.01 | 0.03 | −2.53 | −2.14 | −3 | −0.04 | −0.12 | −0.54 | −0.95 | 8 | 0.53 | 1.62 | −2.00 | −1.63 | −2 | −0.05 | −0.14 | −0.59 | −0.89 | 9 | −0.23 | −0.72 | −2.23 | −1.76 | −1 | −0.10 | −0.29 | −0.68 | −0.93 | 10 | −0.22 | −0.66 | −2.45 | −1.87 | 0 | −0.22 | −0.68 | −0.91 | −1.13 | 30 | −1.41 | −4.32 | −0.08 | −0.04 | 1 | −0.20 | −0.61 | −1.11 | −1.28 | 60 | −0.14 | −0.44 | −5.97 | −2.24 | 2 | −1.38 | −4.22 | −2.49 | −2.69 | 90 | −0.44 | −1.33 | −7.92 | −2.47 | 3 | −0.04 | −0.13 | −2.53 | −2.58 | 120 | −0.10 | −0.30 | −13.22 | −3.59 | 4 | −0.12 | −0.36 | −2.65 | −2.56 | 160 | −0.16 | −0.49 | −10.58 | −2.51 | 5 | −0.20 | −0.62 | −2.85 | −2.63 | 230 | 0.67 | 2.05 | −14.89 | −2.96 |
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