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
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: Suggested Citation