Does Online Investor Sentiment Affect the Asset Price Movement? Evidence from the Chinese Stock Market

Figure 5

The Shanghai Stock Index and the daily trading volume. Note: in this figure, the full line is the Shanghai Stock Index, and the dotted line is the daily trading volume in the Shanghai stock market. The unit of trading volume is 100 billion Chinese Yuan. The left -axis denotes the point of the Shanghai Stock Index, and the right -axis denotes the daily trading volume of the Shanghai stock market.