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Is haze the cause of the fireworks stock market drop?

2013.02.04, Ping-Ying Chen

Recently because of the haze pollution in Beijing, the stock market speculators believe that part of the investment become ashes. The recent stock market of the fireworks manufacture is really gloomy. Investors worried that the haze situation may lead to the Chinese New Year not having the display of fireworks fun. Even if the haze was to be clearing up in Beijing and surrounding areas, the Shanghai Stock Exchange's fireworks business last week was gloomy. Hunan Panda Fireworks Group last Friday experienced a 3.1% decline in the first two trading days, and dropped 1% to 11.74 yuan per share. Anhui Leimingkehua Co., Ltd. was even last Friday. The first two trading days it dropped 2.1%. Shenzhen-listed Hunan Nanling Civil Blasting Equipment Co., Ltd dropped 1% last Wednesday and dropped again 3.1% last Thursday,
recovering some of its losses last Friday. However, the decline in these shares involves a wide range of environmental awareness, the rise of the Government for the control of fireworks, as well as fireworks explosion caused by a negative perception and more. However, although the fireworks companies share price changes may also being premature, some analysts still believe that the current subconscious response to investors could be the reason for the fireworks being in the Chinese tradition for a long time.