000			01834pab a2200205 454500
008			140923b0 xxu||||| |||| 00| 0 eng d
040			_cWelingkar Institute of Management Development & Research, Mumbai _aWelingkar Institute of Management Development & Research, Mumbai
041			_aENG
082			_a _bSid
100			_aSiddiqui Saif
245			_aStock Markets Integration : Examining Linkages Between Selected World Markets
250			_a1
260			_a _bJan - Mar 2009 _c0
300			_a19-30 Pp.
490			_v13
520			_aIn recent years, globalisation, economic assimilation and integration among countries and their financial markets have increased interdependency among major world stock markets. This increased interdependency among the worldwide stock markets may have impacts on the global investors for their assets allocation decision and on the economic policies of economies for ensuring economic stability. Hence, there is a need to study the extent of integration among the world stock markets which is the objective of this paper. It examines the relationships between the selected Asian and the US stock markets over a period, 19/10/1999 to 25/04/2008, using daily closing data of twelve stock markets. Results of the present study show that stock markets under study are integrated. The degree of correlation between the markets, but Japan, varies between moderate to very high. Furthermore, it provided that no stock market is playing a very dominant role in influencing other markets. The US influence is not noticeable as in the earlier researches. It is expected that the results will be useful for the global investors in managing their international portfolios.
650			_aWorld Market, Stock Market
856			_uhttp://192.168.6.13/libsuite/mm_files/Articles/AR10647.pdf
906			_a31932
999			_c30470 _d30470