Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5085094 | International Review of Financial Analysis | 2013 | 12 Pages |
Abstract
⺠We examine market efficiency between commodity futures in China and foreign markets. ⺠Trading returns of foreign markets influence China's overnight returns and vice-versa. ⺠Daytime returns of most Chinese contracts are not led by foreign daytime returns. ⺠The Chinese commodity futures markets are efficient and are driven by local markets.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hung-Gay Fung, Yiuman Tse, Jot Yau, Lin Zhao,