Influence of advanced markets on the Malaysian Market

There is a general belief among investors and speculators in Malaysia that a small and thinly traded stock market (or an emerging market), such as the Malaysian market,is highly influenced by the big and advanced markets of the US and Japan. Specifically, this paper looks at the influence of the US...

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Main Author:	Othman Yong
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 1994
Online Access:	http://journalarticle.ukm.my/7959/ http://journalarticle.ukm.my/7959/ http://journalarticle.ukm.my/7959/1/791-1512-1-SM.pdf

id	ukm-7959
recordtype	eprints
spelling	ukm-79592016-12-14T06:45:46Z http://journalarticle.ukm.my/7959/ Influence of advanced markets on the Malaysian Market Othman Yong, There is a general belief among investors and speculators in Malaysia that a small and thinly traded stock market (or an emerging market), such as the Malaysian market,is highly influenced by the big and advanced markets of the US and Japan. Specifically, this paper looks at the influence of the US (NYSE) and the Japanese (TSE) markets, on the Malaysian (KLSE) market. This study uses end-of-the-week Index changes (friday's and Saturday's performance of the US and Japanese markets, respectively) of the advanced markets and the begining-of-the-week (monday's performance of the Malaysian market) Index changes of the emerging market for a period from January 1983 to December 1990 In general, the results indicate some validity in the claim that the advanced markets of the US and Japan do influence the Malaysian market. However, the influence is not stable over time. Penerbit Universiti Kebangsaan Malaysia 1994 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7959/1/791-1512-1-SM.pdf Othman Yong, (1994) Influence of advanced markets on the Malaysian Market. Jurnal Pengurusan, 13 . pp. 73-88. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/202
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	There is a general belief among investors and speculators in Malaysia that a small and thinly traded stock market (or an emerging market), such as the Malaysian market,is highly influenced by the big and advanced markets of the US and Japan. Specifically, this paper looks at the influence of the US (NYSE) and the Japanese (TSE) markets, on the Malaysian (KLSE) market. This study uses end-of-the-week Index changes (friday's and Saturday's performance of the US and Japanese markets, respectively) of the advanced markets and the begining-of-the-week (monday's performance of the Malaysian market) Index changes of the emerging market for a period from January 1983 to December 1990 In general, the results indicate some validity in the claim that the advanced markets of the US and Japan do influence the Malaysian market. However, the influence is not stable over time.
format	Article
author	Othman Yong,
spellingShingle	Othman Yong, Influence of advanced markets on the Malaysian Market
author_facet	Othman Yong,
author_sort	Othman Yong,
title	Influence of advanced markets on the Malaysian Market
title_short	Influence of advanced markets on the Malaysian Market
title_full	Influence of advanced markets on the Malaysian Market
title_fullStr	Influence of advanced markets on the Malaysian Market
title_full_unstemmed	Influence of advanced markets on the Malaysian Market
title_sort	influence of advanced markets on the malaysian market
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	1994
url	http://journalarticle.ukm.my/7959/ http://journalarticle.ukm.my/7959/ http://journalarticle.ukm.my/7959/1/791-1512-1-SM.pdf
first_indexed	2023-09-18T19:51:06Z
last_indexed	2023-09-18T19:51:06Z
_version_	1777406224725180416

Influence of advanced markets on the Malaysian Market

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