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Statistical Study on the Impact of the 24 Solar Terms on Shanghai Composite Index Returns

Tianbao ZHOU, Xinghao Li, Junguang ZHAO, Junguang ZHAO
2022-03-04 ChinaXiv: chinaxiv-202203.00018

This study examines the impact of the twenty-four solar terms—a unique traditional Chinese system for dividing the annual seasons—on the Chinese stock index. Based on 26 years of historical data, the statistical analysis investigates whether the daily returns of the Shanghai Composite Index exhibit …