Hubungan antara pasaran saham New York, Tokyo dan Australia dengan pasaran saham negara sedang membangun: kes rantau Asean

Abstract

This paper attempts to provide a framework to look at the current ASEAN and lag relationship from year 1990 to 1992 between every stock market and ASEAN as a whole with major foreign markets especially those of stock markets, New York, Japanese, and Australian. The significant correlation coefficient with less than one shows that the diversification between some of these countries ASEAN can reduce the risk. This study shows that the reaction of market in absorbing the events from the developed market is quite efficient.