Schaub, Mark; Lee, Bun-song; Chun, Sun Eae - In: Research in finance, (pp. 169-195). 2008
This chapter examines investor overreaction and seasonality in the stock markets of Korea, Hong Kong and Japan using data for the period of 1985–2004. Evidence suggests little to no reversals following days of excessive increase, but all three indices reversed 35% to 45% following days of...