Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/55602
Title: The effects of foreign influence on the Singapore stock market
Authors: Ang, Geok Peng
Quek, Oliver Shawn Jin Suan
Yong, Siew Yen
Keywords: DRNTU::Business
Issue Date: 1995
Abstract: 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.
URI: http://hdl.handle.net/10356/55602
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

Files in This Item:
File Description SizeFormat 
ANG_GEOK_PENG_1995.pdf
  Restricted Access
5.87 MBAdobe PDFView/Open

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.