Return volatilities and trading activities on an emerging Asian market

Yan Ki Ho*, Stephen Y L Cheung, Paul Draper, Peter Pope

*Corresponding author for this work

Research output: Contribution to journalJournal articlepeer-review

5 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)91-94
Number of pages4
JournalEconomics Letters
Issue number1
Publication statusPublished - May 1992

Scopus Subject Areas

  • Finance
  • Economics and Econometrics


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