Business, Management and Accounting
3 years ago

Strait Times Index and Exchange Rate Impact Indonesian Stock Exchange

SSRN Electronic Journal
The Effect of Foreign Stock Index and Macroeconomic to Composite Index in Indonesian Stock Exchange
Rowland Bismark Pasaribu

Paper Summary

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The study looked at how global stock indices and economic factors like inflation and exchange rates affect the Indonesian stock market. They analyzed data from 2010 to 2014 using a statistical method called multiple linear regression. The results showed that the Strait Times Index and the exchange rate between the Indonesian Rupiah and the US Dollar do have an impact on the Indonesian Composite Index (JCI). However, factors like the Dow Jones Industrial Average, Shanghai Stock Exchange, inflation, BI Rate, and world oil prices do not affect the JCI.