This study investigates whether significant trading volume increases on the ASX during the later half of 1999 and the early months of 2000 may be attributed to the activities of on-line share traders by studying trading volumes before and after the April 14, 2000 crash of the NASDAQ.The NASDAQ crash significantly reduced the value of many technology or "new" industry stocks. Previous studies have found these stocks to be attractive to online traders.The study finds that there was a substantial decrease in trading volumes following the NASDAQ crash and no recovery had occurred as at the end of 2000.
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