The article looks at how exchange rates and stock prices in Asian countries moved together during the 1997-1999 currency crisis. The researchers defined a new type of contagion between these two financial indicators. They found that during the crisis, the stock prices in Hong Kong were affected by the falling currencies of neighboring countries. The study showed that there was a connection between exchange rates and stock prices, and that declines in currencies like Indonesia, Korea, and Thailand impacted other countries' currencies and stock prices in the region.