Day-of-the-week effects in selected East Asian stock markets

Chia, Ricky Chee Jiun and V., K. S. Liew and Syed Azizi Wafa Syed Khalid Wafa, (2008) Day-of-the-week effects in selected East Asian stock markets. Economics Bulletin, 7 (5). ISSN 1545-2921


Download (202kB) | Preview


This study examines the day-of-the-week effects in the Taiwan, Singapore, Hong Kong and South Korea stock markets. Various significant day-of-the-week effects, including the typical negative Monday and positive Friday effects are detected in the stock markets Taiwan, Singapore and Hong Kong. Further analysis shows that only Friday effect in Taiwan is sustainable while all other effects disappeared completely after accounting for equity risks. Besides, this study also finds evidences of risk and return tradeoff as well as asymmetrical market effects.

Item Type: Article
Uncontrolled Keywords: East Asian, Stock markets
Subjects: ?? HG4551-4598 ??
Divisions: SCHOOL > School of Business and Economics
SCHOOL > Labuan School of International Business and Finance
Depositing User: Unnamed user with email
Date Deposited: 06 Apr 2011 08:29
Last Modified: 13 Oct 2017 04:00

Actions (login required)

View Item View Item