Time-reversal-symmetry-broken quantum spin Hall effect

Quantum spin Hall (QSH) state of matter is usually considered to be protected by time-reversal (TR) symmetry. We investigate the fate of the QSH effect in the presence of the Rashba spin-orbit coupling and an exchange field, which break both inversion and TR symmetries. It is found that the QSH state characterized by nonzero spin Chern numbers $C_{\pm}=\pm 1$ persists when the TR symmetry is broken. A topological phase transition from the TR symmetry-broken QSH phase to a quantum anomalous Hall phase occurs at a critical exchange field, where the bulk band gap just closes. It is also shown that the transition from the TR symmetry-broken QSH phase to an ordinary insulator state can not happen without closing the band gap.Comment: 5 pages, 5 figure

Evolution of worldwide stock markets, correlation structure and correlation based graphs

We investigate the daily correlation present among market indices of stock exchanges located all over the world in the time period Jan 1996 - Jul 2009. We discover that the correlation among market indices presents both a fast and a slow dynamics. The slow dynamics reflects the development and consolidation of globalization. The fast dynamics is associated with critical events that originate in a specific country or region of the world and rapidly affect the global system. We provide evidence that the short term timescale of correlation among market indices is less than 3 trading months (about 60 trading days). The average values of the non diagonal elements of the correlation matrix, correlation based graphs and the spectral properties of the largest eigenvalues and eigenvectors of the correlation matrix are carrying information about the fast and slow dynamics of correlation of market indices. We introduce a measure of mutual information based on link co-occurrence in networks, in order to detect the fast dynamics of successive changes of correlation based graphs in a quantitative way.Comment: 8 pages, 11 figure