Notice of RetractionAn Analysis of Chinese Stock Market Indices

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The stock market in China was founded almost 20 years ago. In this paper, we aim to analyze Chinese stock market price indices and determine if and how they are affected by the exchange rate of RMB to U.S. dollar. A comparison study was conducted on five major stock market indices in China and U.S.A, namely, Shanghai Composite Index, Shenzhen Composite Index, NASDAQ Composite Index, Dow Jones Industry Average and S&P 500. From the results obtained, we conclude that the Chinese stock market price indices are negatively related to the RMB exchange rate to U.S. dollar. This research may be helpful to financial managers in the future construction of the stock portfolios.