Exploring the relationship between our Western media headlines sentiment index on China (the blue line) and the Shanghai stock market index (red). No overall statistical pattern but there are some periods of strong correlation. It could be explained through the media reports simply covering extensively the latest market movements, though we use a moving average over the prior 30 days for the daily sentiment measure. This is based on around 50,000 mainstream media headlines in English concerning China we have tracked since 2016.
