{"id":8623,"date":"2024-05-16T12:56:44","date_gmt":"2024-05-16T04:56:44","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=8623"},"modified":"2024-05-16T12:56:44","modified_gmt":"2024-05-16T04:56:44","slug":"stock-market-linkage-between-china-and-asean-6-countries-integration-perspective","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/stock-market-linkage-between-china-and-asean-6-countries-integration-perspective\/","title":{"rendered":"Stock Market Linkage between China and ASEAN-6 Countries: Integration Perspective"},"content":{"rendered":"<p><em>This paper examines the integration process and time-varying characteristics of major stock markets in China and ASEAN-6 countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam).<\/em><em> Based on the DCC-GARCH model as related to the daily stock index return data of China and the ASEAN-6, from July 2000 to December 2022, our study showed that the dynamic correlation between the stock markets of China and the ASEAN-6 was significantly enhanced during the sample period.<\/em><em> The level of stock market integration between China and Singapore, Malaysia, and Vietnam has increased significantly, and the correlation has become more stable.<\/em><em> In addition, the integration process shows significant time-varying characteristics; the effect of major economic events, the development of domestic financial markets, and the opening process of capital markets have a significant impact on the integration process of regional stock markets. The study made recommendations to promote China-ASEAN financial cooperation and offers a reliable theoretical basis for investment portfolio decisions. This will assist policymakers in keeping up with economic trends and taking necessary policy measures and interventions in a timely and effective manner to control stock market risks, ensuring stable and healthy economic development.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"template":"","tags":[411,1722,1848,156,314],"jel-code":[1850,1849,1851,85],"article-type":[1329],"class_list":["entry","author-asriwn","post-8623","article","type-article","status-publish","tag-asean","tag-china","tag-dcc-garch","tag-integration","tag-stock-market","jel-code-c4","jel-code-f36","jel-code-f69","jel-code-g15","article-type-normal-article"],"_links":{"self":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":1,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8623\/revisions"}],"predecessor-version":[{"id":8630,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article\/8623\/revisions\/8630"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/media?parent=8623"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/tags?post=8623"},{"taxonomy":"jel-code","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/jel-code?post=8623"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/www.ukm.my\/jem\/wp-json\/wp\/v2\/article-type?post=8623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}