The Russia-Ukraine Conflict, Fluctuation of Crude Oil Price and Dynamics of China's stock market
Journal: BCP Business & Management
Year: 2022

The price of crude oil soared after the outbreak of the Russia-Ukraine conflict. However, China's stock market, by contrast, continues to fall. This paper studies the impact of crude oil price on the dynamic of China’s stock market. We build an ARMAX model and an ARMA-GARCH model to analyze whether there are connections between crude oil price and China’s stock market. This paper finds that the crude oil futures rate of return is positively correlated with the Shenzhen Component index rate of re