Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/31548
Title: The impact of salient political and economic news on the trading activity
Authors: Chan, YC 
Chui, ACW 
Kwok, CCY
Keywords: G14
News
Stock exchange of Hong Kong
Trading activity
Issue Date: 2001
Source: Pacific basin finance journal, 2001, v. 9, no. 3, p. 195-217 How to cite?
Journal: Pacific Basin Finance Journal 
Abstract: This paper investigates the impact of salient political and economic news on the intraday trading activity, namely, the stock return volatility, the stock price volatility, the number of shares traded, and the trading frequency. Using transactions data on 33 constituent stocks of the Hang Seng Index in the Stock Exchange of Hong Kong (SEHK), we find that political news has a distinct impact on market activity when compared with economic news. We argue that the observed phenomenon is related to the precision of signals associated with these two types of news and investors' perceptual biases.
URI: http://hdl.handle.net/10397/31548
ISSN: 0927-538X
DOI: 10.1016/S0927-538X(01)00015-4
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