Return volatilities and trading activities on an emerging Asian market
Author(s)
Author(s)
Ho, Y.-K.
Draper, P.
Pope, P.
Date Issued
1992
Publisher
Elsevier
Journal
Economics Letters
Volume
39
Issue
1
Start page
91
End page
94
Abstract
Because of different market microstructures in that the Hong Kong stocks can continue to trade in the London market after the Hong Kong market is officially closed, the open-to-close return variance is found to be not significantly different from the close-to-open return variance while the return variance during the lunch break is found to be significantly lower than that in the morning and in the afternoon trading sessions.
SFU Affiliated Publication
No
Availability at SFU Library
No database links found.