Regional stock markets show strong interdependence, US market remains influential.
Investors want to reduce risk by spreading their investments across different countries. This study looked at how stock markets in Malaysia, India, China, the US, and the UK are connected. They found that Malaysia and India influence each other, but China doesn't play a big role. When one country's market is affected, it can briefly affect others in Asia. Overall, the US market has the most impact on Asian markets.