The effects of foreign influence on the Singapore stock market
With the rapid globalisation and integration of international capital markets, this · study is undertaken to explore the degree of interdependencies between Singapore and the two major developed markets, the New York and Tokyo stock markets. To add more depth into the research, a chapter on...
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| Main Authors: | , , |
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| 其他作者: | |
| 格式: | Final Year Project |
| 語言: | English |
| 出版: |
2014
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| 主題: | |
| 在線閱讀: | http://hdl.handle.net/10356/55602 |
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| 總結: | With the rapid globalisation and integration of international capital markets, this ·
study is undertaken to explore the degree of interdependencies between Singapore and the
two major developed markets, the New York and Tokyo stock markets. To add more
depth into the research, a chapter on the means to dampen the effects owing to such
dependencies is included.
Three stock market indices are employed in this study - the ten-year coverage of
SES All-Singapore Index, the Dow Jones Industrial Average and the Nikkei-225 Average.
It is believed that the substantial coverage of these three most widely used market
indicators would give the research analysis more relevance. The regression results
obtained show that both the movements of the Dow Jones and Nikkei have great influence
on the performance of the SES All-Singapore in terms of both yearly empirical results
analysis and that of a combined period results analysis. The effects of two particular
events, the Wall Street Stock Crash in October 198 7 and the Gulf Crisis in 1990 are
isolated to examine their respective impact on the Singapore stock market.
This study has shown that stock market movements in foreign markets do have an
impact on the Singapore stock market's performance. However, various measures may be
employed to mitigate the adverse effects of the interdependencies between the
international stock markets. |
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