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Does the Chinese stock market react to global news?

Author

Summary, in Swedish

Abstract 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.

Publishing year

2011

Language

English

Pages

448-455

Publication/Series

Journal of the Asia Pacific Economy

Volume

16

Issue

3

Document type

Journal article

Publisher

Taylor & Francis

Topic

  • Economics

Keywords

  • news aggregator
  • volatility
  • stock market
  • China
  • worldwide news

Status

Published

ISBN/ISSN/Other

  • ISSN: 1354-7860