The article examines how the Malaysian stock market was affected by the 2007/2008 global financial crisis compared to the US and Japan markets. They looked at how connected these markets were during different stages of the crisis. The study found that at the start of the crisis, the markets were closely linked. But as the crisis continued, investors started looking for other types of investments, causing the markets to act independently. This shows that the crisis changed how these markets interacted with each other.