Interest rates and oil prices impact stock market returns in Malaysia and China.
The article examines factors influencing stock market returns in Malaysia and China using macroeconomic variables like interest rates, exchange rates, and crude oil prices. The study analyzed data from 1999 to 2019 for the Kuala Lumpur Stock Index and Shanghai Stock Exchange Composite Index. Results show that interest rates and crude oil prices have a negative impact on stock market returns, while exchange rates have a positive effect.