Shanghai Index Fluctuations Impact Study Of The Factors

The volatility of the stock market is always the popular research which scholars keen on. On the one hand, it shows the importance and particularity of the volatility of the stock market; on the other hand, it also explains the characteristics and the factors affect stock market fluctuations stock is remained to be discovered. There are lots of theoretical and empirical studies of stock market fluctuations, while they haven't been able to fully combine with the characteristics of China's stock market to discuss the characteristics of stock market fluctuations and influencing factors. Our country's socialism market economy construction comes as an important historical period, the stock market allocation of resources efficiency and operation appears especially important, so in Chinese stock market volatility problem research appears very urgentThis paper combined with the characteristics of Chinese stock market systematically studied the characteristics of stock market fluctuations and influencing factors based on the Shanghai index.Starting from the study of the effectiveness of the stock market, we examined under a non-effective market, how macroeconomic factors and non-market factor influence stock market fluctuations. The paper believes that the stock market in China, the incomplete maturity decided its non-effectiveness. And in the effectiveness market, many non-market factors, such as policy shock, noise trader, insider trading, etc and market factors get together to influence short-term fluctuations in the stock market.