Intraday analyses on weather-induced sentiment and stock market behavior

被引：1
|
作者：
Seok, Sangik [1 ]
Cho, Hoon [2 ]
Ryu, Doojin [3 ]
机构：
[1] Univ Ulsan, Coll Business Adm, Ulsan, South Korea
[2] Korea Adv Inst Sci & Technol, Coll Business, Daejeon, South Korea
[3] Sungkyunkwan Univ, Dept Econ, 25-2 Sungkyunkwan Ro, Seoul 03063, South Korea
来源：
QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 2024年 / 98卷
关键词：
Emerging market; Intraday analysis; Investor sentiment; Stock market; Trading activity; Weather; INVESTOR SENTIMENT; RETURNS; MOOD; TEMPERATURE; SUNSHINE; TAIWAN; WIND; RISK;
D O I：
10.1016/j.qref.2024.101929
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine the intraday relationship between weather conditions and investor sentiment in the Korean equity market. By uncovering the intermediary role of weather-induced sentiment in affecting market variables, we suggest a potential link between weather conditions, sentiment, and market dynamics. High temperatures, humidity, and cloud coverage negatively affect investors' moods, while strong winds and long sunshine durations have a positive impact. Although only cloud coverage marginally impacts stock returns, weather factors significantly affect market turnover, volatility, and illiquidity, especially when they alter sentiment dynamics.
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页数：12
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