Tong, Wilson H. S.; Tse, K. S. Maurice - In: The Financial Review 37 (2002) 4, pp. 589-612
There is no consensus about the cause for higher volatility at the market open than at the market close in the U.S. market. As an order-driven, nonspecialist market, the Hong Kong stock market provides a useful setting for an examination. If halt of trade were the major cause of higher...