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WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET

This study examines the effects of weather on stock return in Hang Seng Index (HSI), Kuala Lumpur Composite Index (KLCI) and Taiwan Stock Exchange Corporation (TSEC) Weighted Index. The weather vairables consist of temperature, humidity, cloud cover and solar radion. Research in psychology has shown...

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Bibliographic Details
Main Author: LEONG, SIN YE
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2013
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/38085/1/Leong%20Sin%20ft.pdf
http://ir.unimas.my/id/eprint/38085/
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spelling my.unimas.ir.380852024-03-06T04:39:14Z http://ir.unimas.my/id/eprint/38085/ WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET LEONG, SIN YE HG Finance This study examines the effects of weather on stock return in Hang Seng Index (HSI), Kuala Lumpur Composite Index (KLCI) and Taiwan Stock Exchange Corporation (TSEC) Weighted Index. The weather vairables consist of temperature, humidity, cloud cover and solar radion. Research in psychology has shown that temperature significantly affect mood, and mood changes cause behavior changes. Daily stock return spanning from January 2008 to December 2011 is analyzed using OLS, GARCH (1,1) and Granger Causality. Temperature, cloud cover, solar radiations have no influence on returns. Humidity has a significant influence on returns in Tai Chung and Basan Lepas. Trading volume has a significant influence on reutrns in Malaysia and Taiwan. Universiti Malaysia Sarawak, (UNIMAS) 2013 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/38085/1/Leong%20Sin%20ft.pdf LEONG, SIN YE (2013) WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
LEONG, SIN YE
WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
description This study examines the effects of weather on stock return in Hang Seng Index (HSI), Kuala Lumpur Composite Index (KLCI) and Taiwan Stock Exchange Corporation (TSEC) Weighted Index. The weather vairables consist of temperature, humidity, cloud cover and solar radion. Research in psychology has shown that temperature significantly affect mood, and mood changes cause behavior changes. Daily stock return spanning from January 2008 to December 2011 is analyzed using OLS, GARCH (1,1) and Granger Causality. Temperature, cloud cover, solar radiations have no influence on returns. Humidity has a significant influence on returns in Tai Chung and Basan Lepas. Trading volume has a significant influence on reutrns in Malaysia and Taiwan.
format Final Year Project Report
author LEONG, SIN YE
author_facet LEONG, SIN YE
author_sort LEONG, SIN YE
title WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
title_short WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
title_full WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
title_fullStr WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
title_full_unstemmed WEATHER, MACROECONOMIC VARIABLES AND STOCK MARKET
title_sort weather, macroeconomic variables and stock market
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2013
url http://ir.unimas.my/id/eprint/38085/1/Leong%20Sin%20ft.pdf
http://ir.unimas.my/id/eprint/38085/
_version_ 1793163077233934336
score 13.209306

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