This paper considers the effect of extended trading in stocks that are traded in both Hong Kong and London. Trading volumes in the stocks, in both markets, appear significantly lower on Mondays and Tuesdays and on days immediately after holidays. Studies elsewhere attribute subdued trading on...

Within the context of the mainland Chinese (Shanghai and Shenzhen) and Hong Kong market places, we investigate two of the most important documented calendar anomalies: the 'turn-of-the-month' and Chinese Lunar New Year (CLNY) return effects. Both appear as features of all three markets over the...

During the period 1989 to 1996, the New Zealand Stock Exchange modified the settlement regime of its listed stocks on six separate occasions. These changes provide an opportunity to assess the impact of settlement practice upon day-of-the-week returns in a more meaningful fashion than has,...

The effect of extended trading hours in Hong Kong stocks, resulting from the development of the SEAQ International London market in such stocks, is considered here. This market, which opens shortly after the close of the Hong Kong market, appears to have produced some modulation in the mean and...