Does the Chinese stock market react to global news
Bibliographic Data
| ID | 12550220 |
|---|---|
| Authors | Hans Byström (Lund University, corresponding author) |
| Year | 2011 |
| Volume | 16 |
| Issue | 3 |
| Pages | 448-455 |
| Publication date | 2011-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2011.589631 |
| OpenAlex | W2069741624 |
| Language | EN |
| Citations received | 1 |
| References cited | 7 |
in Undetermined In this paper, the news aggregator GoogleNews is used to assess the impact ofworldwide news on the volatility of the Chinese stock market. Although we find a strong link between the global stock market volatility and the amount of stock market-related news available worldwide, the link between the Chinese stock market and the same set of worldwide news is found to be much weaker. Diverging patterns for (domestic) A shares and (international) B shares lead us to conclude that the direction of causality most likely is from news volumes to volatility and not vice versa
Business · China · Chinese market · Economics · Financial economics · Financial system · Monetary economics · Political science · Stock market · Financial Risk and Volatility Modeling · History · Law · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Citations per year | 0.07 |
|---|---|
| Citation span | 2011 - 2011 (1) |
| Highly cited | No |