Global Stock Exchange, ASEAN, Commodities Price to Indonesia Composite Index and Foreign Exchange

Jurnal Akuntansi & Manajemen, Vol. 25, No. 2, Ags 2014, ISSN: 0853-1259

Posted: 27 Nov 2017

See all articles by Rowland Bismark Pasaribu

Rowland Bismark Pasaribu

NAMOURA Research Institute; Gunadarma University

Date Written: August 21, 2014

Abstract

Globalization has made whole stock markets integrated. Another investment’s instruments e.g. commodity and forex have shown a link among stock market, commodity market, and forex market. This research aim’s to indicate link among world stock market and commodity market on domestic stock market and forex market. By using multiple regressions, this paper found that DJIA and STI has a positive significant effect on IHSG. On the other hand, Nikkei, SSECC, and Crude Oil has a negative significant effect on IHSG. While, FTSE, Crude Oil, and Gold implicate EUR/USD significant negatively. The others, SSEC and Nikkei are positive significant. This conclude that there is a significant relation among stock market, commodity market, and forex market among this world.

Keywords: Emerging Market, Foreign Exchange, Foreign Stock Market, Indonesia Composite Index

JEL Classification: G10, G11, G20, G23

Suggested Citation

Pasaribu, Rowland Bismark, Global Stock Exchange, ASEAN, Commodities Price to Indonesia Composite Index and Foreign Exchange (August 21, 2014). Jurnal Akuntansi & Manajemen, Vol. 25, No. 2, Ags 2014, ISSN: 0853-1259, Available at SSRN: https://ssrn.com/abstract=3075007

Rowland Bismark Pasaribu (Contact Author)

NAMOURA Research Institute ( email )

Jl. Komando III/2 No.37
Setiabudi
South Jakarta, DKI Jakarta 12920
Indonesia

Gunadarma University ( email )

Margonda Raya 100
Pondokcina, Depok
Jakarta, West Java 62-16424
Indonesia

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