Large daily stock variation is associated with cardiovascular mortality in two cities of Guangdong, China

PLoS One. 2013 Jul 16;8(7):e68417. doi: 10.1371/journal.pone.0068417. Print 2013.

Abstract

Objective: The current study aimed to examine the effects of daily change of the Shenzhen Stock Exchange Index on cardiovascular mortality in Guangzhou and Taishan, China.

Methods: Daily mortality and stock performance data during 2006-2010 were collected to construct the time series for the two cities. A distributed lag non-linear model was utilized to examine the effect of daily stock index changes on cardiovascular mortality after controlling for potential confounding factors.

Results: We observed a delayed non-linear effect of the stock index change on cardiovascular mortality: both rising and declining of the stock index were associated with increased cardiovascular deaths. In Guangzhou, the 15-25 lag days cumulative relative risk of an 800 index drop was 2.08 (95% CI: 1.38-3.14), and 2.38 (95% CI: 1.31-4.31) for an 800 stock index increase on the cardiovascular mortality, respectively. In Taishan, the cumulative relative risk over 15-25 days lag was 1.65 (95% CI: 1.13-2.42) for an 800 index drop and 2.08 (95% CI: 1.26-3.42) for an 800 index rising, respectively.

Conclusions: Large ups and downs in daily stock index might be important predictor of cardiovascular mortality.

Publication types

  • Research Support, Non-U.S. Gov't

MeSH terms

  • Air Pollution / analysis
  • Cardiovascular Diseases / epidemiology*
  • Cardiovascular Diseases / mortality*
  • China / epidemiology
  • Cities / epidemiology
  • Humans
  • Investments*

Grants and funding

This study was partly supported by the National Natural Science Foundation of China (No.: 81202176) and National Major Research Program of China (No.: 2012CB955500). The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.