Table 2.
The impact of SARS outbreak on monthly stock price of various industry sectors
| Industry | Tourism | Textiles | Automobile | Construction | Foods | Chemicals |
|---|---|---|---|---|---|---|
| One-month return (April 2003–May 2003) | −28.91% | −14.97% | −13.85% | −11.95% | −11.66% | −10.03% |
| Industry | Plastics | Transportation | Composite | Department Stores | Banking and Insurance | Electrical |
| One-month return (April 2003–May 2003) | −8.18% | −7.52% | −5.56% | −5.39% | −3.91% | −1.36% |
Note: One-month stock returns (SR), computed based on changes in monthly closing stock price (P), are given as: SR=ln(PMay/PApril)−100, where PMay and PApril are the closing prices at the end of April and May, respectively. The Composite stock price index is the Taiwan capitalization-weighted stock index of the Taiwan Stock Exchange. Data for the stock price index of each industry were taken from the TEJ database.