Table 3.
Correlation matrix.
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|---|
| (1) | Ri | 1 | |||||
| (2) | Rm | 0.452*** | 1 | ||||
| (3) | Turnover | 0.186*** | 0.028*** | 1 | |||
| (4) | Gold | −0.095*** | −0.280*** | −0.022*** | 1 | ||
| (5) | Sent_md | 0.126*** | 0.297*** | 0.064*** | −0.044*** | 1 | |
| (6) | Sent_wb | 0.036*** | 0.102*** | 0.102*** | −0.126*** | 0.581*** | 1 |
This table exhibits the correlations between the main variables, where Sent_md and Sent_wb represent the COVID-19 sentiments of media news and Sina Weibo, respectively. ***indicates a 1% significance level.