Year: 2013
Type: conference-paper
Abstract: China's stock market has experienced a big bull market in 2007 and a bear market in 2008. Since then, with the influence of the global economy, China's stock market exhibits ups and downs as usual. We examine the relationship between the stock market sector indices from the meso level, and divide the periods into two stages. One stage represents the drastic shock periods in 2007 and 2008, and the other represents the general ups and downs periods. In the first stage when the market experiences drastic ups and downs, the sector indices tend to rise or fall together, and exhibit very close correlations between each other. In the second stage, however, much smaller correlations appear, and the stock price indices reflect the cyclical characteristics of the real sector economy.
Source: Procedia Computer Science
Authors: Dingmu Cao, Wen Long, Wenning Yang
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2048944784