DAY OF WEEK EFFECT EVIDENCE FROM DEVELOPED COUNTRIES AND DEVELOPING COUNTRIES

Abstract

Based on the study of the day of effect week evidence from developed countries and developing countries, this paper further examines the day of effect of variance variation. Empirical analysis of day of effect studies is an important aspect of analyzing the effectiveness of the stock market. Since the stock market's volatility has an effect, this paper examines whether there is day of week effect in Shanghai 50 Index from China and Mid 70 from Malaysia, also AFLI from Australia and SPTSE from Canada).