European stock markets closely tied to US market, especially during crises.
The study looked at how the U.S. stock market crash in 2008 affected European stock markets, especially in Central Europe. They used data from 2000 to 2013 to see how quickly European markets reacted to changes in the U.S. market. The results showed that European markets responded immediately to U.S. market changes, but the reverse was slower. During and after the financial crisis, Central European markets became more connected to the U.S. market. The impact of the U.S. market on European markets was stronger during the crisis but decreased afterward.