International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Key Macroeconomic Indicators Influencing Stock Return and Volatility:Empirical Evidence from a Study of Greater Bay Area, Hong Kong, China
LAI, Ping-fu (Brian); AO Wai-man (Irene)

This study is use to the existing literature to review the stock return and volatility by macroeconomics variables. It evaluates to the Hong Kong Hang Seng index as dependent of Y, inflation, money supply of M2, exchange rate of RMB, 12-months deposit rate and Hong Kong GPD as independent variables as X to examine the Hong Kong stock return. The data has been selected the variable factors as preferably measured on a continuous level. The multiple regression and testable hypotheses as research methodology used to define the null hypothesis and rejected the null hypothesis. The finding and result conclude that there is effect by Hong Kong GDP on Hong Kong stock return.

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